Quote by Eric Maskin
"A mechanism that requires constant moral exhortation to function is not a good mechanism."
More from Eric Maskin
"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."