II need to know how a suggested mechanism for a problem of players' private information which describes a market of selling and buying things can change the outcome and direction of incentives.
I need to discuss this more. It would be my gratitude if any expert in mechanism design and game theory can help me to model the idea mathematically and prove its efficiency.
Pratyush Chakraborty
Price of Anarchy is a concept that helps to find out the efficiency of a non-cooperative game or its bounds. There are some good price of anarchy bound results for various designed mechanisms, like you design your mechanism in such a way that the loss of welfare is low. Please search about price of anarchy.
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