As an undergraduate suffering through a graduate PhD micro course, I recall my professor bringing up the “hot new thing” that was implementation theory. I tried hard at the time to ascertain what this literature was.
The other day a colleague of mine mentioned that he was relieved by the direction network economics as going, with more applied studies and an increasing number of empirically-grounded studies. “If that hadn’t happened,” he said, “it may have gone the way of implementation theory.”
With that, it hit me: what the hell happened to implementation theory? So I tweeted into the Econ Twitter black hole.
And received this patient reply from good ol’ Ben Golub:
Thus starts his thread with a fantastic piece by Matt Jackson (of current network theory fame): A Crash Course in Implementation Theory (2001). Which is a glimpse into the (then) state of the art.
With a also a little lit review.
The two articles are from Matt Jackson (1992), and Maskin and Jean Tirole (1999):
But Ben then gives a nice synopsis of what happened.
26 Dec 2018