Tuesday, February 15, 2011

Planning Enlightenment from Mechanism Design Theory

The Paper Contacts the implementation on "urban and rural planning laws", through 2007 Rebel Economics Prize "mechanism design theory" analysis, and thinks it meaningful which achieving specific goals, effective use of information, Consistent individual and society rationality among the reunification about the target objective and the benefit objective, the reasonableness of the use of information in City planning, the participation constraints and the incentive compatibility in the implementation of City planning. At the same time also thinks that mechanism design theory is limit in the field of actors "economic man" hypothesis, and the exchange of information costs, incentive compatibility materialized, and other aspects of City planning
from - http://en.cnki.com.cn/Article_en/CJFDTOTAL-GHSI200907016.htm

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