<html><body><p>Because mechanism designers do not generally know which <a href="https://quotes.tuteehub.com/tag/outcomes-5986" style="font-weight:bold;" target="_blank" title="Click to read more quotes about OUTCOMES">OUTCOMES</a> are optimal in <a href="https://quotes.tuteehub.com/tag/advance-5855" style="font-weight:bold;" target="_blank" title="Click to read more quotes about ADVANCE">ADVANCE</a>, they have to proceed more indirectly than simply prescribing outcomes by fiat; in particular, the mechanisms designed <a href="https://quotes.tuteehub.com/tag/must-205" style="font-weight:bold;" target="_blank" title="Click to read more quotes about MUST">MUST</a> generate the <a href="https://quotes.tuteehub.com/tag/information-1760" style="font-weight:bold;" target="_blank" title="Click to read more quotes about INFORMATION">INFORMATION</a> <a href="https://quotes.tuteehub.com/tag/needed-6715" style="font-weight:bold;" target="_blank" title="Click to read more quotes about NEEDED">NEEDED</a> as they are executed.</p></body></html>

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Because mechanism designers do not generally know which OUTCOMES are optimal in ADVANCE, they have to proceed more indirectly than simply prescribing outcomes by fiat; in particular, the mechanisms designed MUST generate the INFORMATION NEEDED as they are executed.

Author - Eric Maskin Subject - Environmental

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Because mechanism designers do not generally know which OUTCOMES are optimal in ADVANCE, they have to proceed more indirectly than simply prescribing outcomes by fiat; in particular, the mechanisms designed MUST generate the INFORMATION NEEDED as they are executed.

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Because mechanism designers do not generally know which OUTCOMES are optimal in ADVANCE, they have to proceed more indirectly than simply prescribing outcomes by fiat; in particular, the mechanisms designed MUST generate the INFORMATION NEEDED as they are executed.

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