About the speaker

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When: 08 July 2016, 19:00

Duration: 1,5 hours

Where: GSOM SPbU, Downtown campus (Volkhovskiy 3), 309 

The event is recommended for: graduates, students, doctoral students and faculty of SPbU

Language: English

Terms of participation: Registration is required

Public Lecture of Nobel Laureate Eric Stark Maskin “Introduction to Mechanism Design Theory” is devoted to the basic principles of mechanism design theory, for the development of which he got a Nobel Prize in 2007.

Mechanism design theory can be considered as an “engineering” side of economic theory. Major theorizing in this field focuses on existence of institutions, and theorists make efforts to explain or predict economic and social outcomes created by these institutions. Economic transactions happen in various markets, within firms or other institutional organizations. Mechanism design theory provides a coherent model for analysis of the variety of institutions, or “allocation mechanisms”, focusing on problems of incentives and private information.

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Eric Stark Maskin

Eric Maskin is Adams University Professor at Harvard. He received the 2007 Nobel Memorial Prize in Economics (with L. Hurwicz and R. Myerson) for laying the foundations of mechanism design theory.

He is a member of the National Academy of Sciences, and a fellow of the Econometric Society, the American Academy of Arts and Sciences, the British Academy, the European Economic Association, the Royal Spanish Academy of Economics and Finance, the Society for Economic Measurement, and the Society for the Advancement of Economic Theory. He is an honorary fellow of St John’s College, Cambridge and Jesus College, Cambridge. He is an honorary professor of seven universities and the recipient of eleven honorary doctorates. Among other prizes, he has received the Kempe Award in environmental economics (with P. Dasgupta), the EFR-Business Week Award, the Grande Médaille from both the cities of Marseille and Toulouse, the Harvard Centennial Medal, the Cristóbal Gabarrón Foundation International Award in Economics, the Louise Blouin Foundation Award, the Jean-Jacques Laffont Prize, and the James Joyce Award.

He has served as editor of the Quarterly Journal of Economics, Economics Letters, and the Economic Theory Monograph Series (World Scientific Publishing) and as associate or advisory editor of several other journals. He is on advisory boards for the J.S. Guggenheim Foundation, the Higher School of Economics (Moscow), the Center for Rationality (Hebrew University), the Santa Fe Institute, the Solvay School of Economics (Free University of Brussels), the Toulouse School of Economics, the Tsinghua School of Economics and Management (Tsinghua University), and the World Bank. He is a past president of the Econometric Society and the Game Theory Society. He is the director of the Jerusalem Summer School in Economic Theory. 

Anna Veselova

Tel.: 323 84 53

e-mail: a.s.veselova@gsom.pu.ru