We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We specifically consider information management in the form of...

We survey the recent literature on the role of information for mechanism design. We specifically consider the role of endogeneity of and robustness to private information in mechanism design. We view information acquisition of and robustness to private information as two distinct but related...

The aim of this paper describes the agency theory in mathematics perspective. The facts are the corporate agents have been given authorization to manage the corporation from the owner as a principal party. The corporate agents can be controlled by the contracts designed through compromising or...