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Strategy-Proofness, Investment Efficiency and Marginal Returns

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Published on Nov 25, 2014

In this presentation, Scott Duke Kominers noted that mechanism design tends to examine only the market clearing stage. The field treats human capital as a fixed or predetermined input, rather than a dynamic range of possibilities. His own model uncovers a relationship between three variables: strategy-proofness, investment efficiency, and marginal rewards.

If you experience technical difficulties with this video or would like to make an accessibility-related request, please send a message to bfi@uchicago.edu.

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