Quote by Eric Maskin
"Markets without rules are not free markets; they are lawless."
"Markets without rules are not free markets; they are lawless."
"The beauty of mechanism design is that it aligns individual incentives with social outcomes."
"Information asymmetry is one of the most challenging problems in economics."
"Markets work best when all participants have access to the same information."
"Game theory teaches us that rational behavior doesn't always lead to optimal outcomes."