The Future of Economic Design The Continuing Development of a Field

This collection of essays represents responses by over eighty scholars to an unusual request: give your high level assessment of the field of economic design, as broadly construed. Where do we come from? Where do we go from here? The book editors invited

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Jean-François Laslier Hervé Moulin M. Remzi Sanver William S. Zwicker Editors

The Future of Economic Design The Continuing Development of a Field as Envisioned by Its Researchers

Studies in Economic Design Series Editors Jean-François Laslier, CNRS - Paris School of Economics, Paris, France Hervé Moulin, Adam Smith Business School, University of Glasgow, Glasgow, UK M. Remzi Sanver, Université Paris-Dauphine, Paris, France William S. Zwicker, Department of Mathematics, Union College, Schenectady, NY, USA

The book series Studies in Economic Design offers an outlet for scientific results from the study of economic, social and political institutions and mechanisms leading to the creative design of suitable legal-economic instruments. Economic Design comprises the creative art and science of inventing, analyzing and testing economic as well as social and political institutions and mechanisms aimed at achieving individual objectives and social goals. The accumulated traditions and wealth of knowledge in normative and positive economics and the strategic analysis of Game Theory are applied with novel ideas in the creative tasks of designing and assembling diverse legal-economic instruments. These include constitutions and other assignments of rights, mechanisms for allocation or regulation, tax and incentive schemes, contract forms, voting and other choice aggregation procedures, markets, auctions, organizational forms such as partnerships and networks, together with supporting membership and other property rights, and information systems, including computational aspects. The series was initially started in 2002 and with its relaunch in 2017 seeks to incorporate recent developments in the field and highlight topics for future research in Economic Design.

More information about this series at http://www.springer.com/series/4734

Jean-François Laslier Hervé Moulin M. Remzi Sanver William S. Zwicker •





Editors

The Future of Economic Design The Continuing Development of a Field as Envisioned by Its Researchers

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Editors Jean-François Laslier CNRS - Paris School of Economics Paris, France M. Remzi Sanver Université Paris-Dauphine Université PSL, CNRS, LAMSADE Paris, France

Hervé Moulin University of Glasgow Glasgow, UK William S. Zwicker Union College Schenectady, NY, USA

ISSN 2510-3970 ISSN 2510-3989 (electronic) Studies in Economic Design ISBN 978-3-030-18049-2 ISBN 978-3-030-18050-8 (eBook) https://doi.org/10.1007/978-3-030-18050-8 © Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, e