Game Theoretic Problems in Network Economics and Mechanism Design Solutions

Mechanism Design is the art and science of designing rules of a game to achieve a specific outcome; mechanism design is the reverse engineering of games. It has been successfully applied to a variety of high impact problems in Internet and network economics: Internet advertising, spectrum auctions, electronic procurement, logistics, supply chain management, grid computing, wireless networks, peer-to-peer networks, and social networks 5 out of the last 7 economics Nobel prizes have been awarded for work in mechanism design and game theory The most successful web company of our times Google owes its enormous revenue to successful implementation of ideas from mechanism design