This may not be the most serious problem in the world, but it is a familiar one: How do you divide a piece of cake equally between two children and also make sure that each of them sees it as a fair division? Eric Maskin cakechilddivide share on social
The market doesn't work very well when it comes to public goods. Eric Maskin goodmarketpublic Change image and share on social
Much theoretical work, of course, focuses on existing economic institutions. The theorist wants to explain or forecast the economic or social outcomes that these institutions generate. Eric Maskin economicexistexplain Change image and share on social
There are some things that we value as a public good that the markets can't deliver, like clean air. Eric Maskin aircleandeliver Change image and share on social
I'm not a housing market expert, and I don't want to pretend to be one. Eric Maskin experthousemarket Change image and share on social
If I'm a bank, and I'm making risky loans, I have an incentive, if I can, to make those loans using other people's money: in other words, to make highly leveraged loans. Eric Maskin bankhighlyincentive Change image and share on social
There is universal consensus among experts that the earth's atmosphere is heating up - and that we are responsible for it by putting carbon dioxide in the atmosphere. We also know that the consequences of global warming are catastrophic. But how do we make sure that all countries reduce greenhouse gases? Eric Maskin atmospherecarboncatastrophic share on social
Perhaps one day earthquakes, hurricanes and financial crashes will all be predictable. But we don't have to wait until then for seismology, meteorology and economics to become sciences; they already are. Eric Maskin crashdayearthquake share on social
Leo Hurwicz is the father of mechanism design theory and has inspired much of my work, and Roger Myerson is an old friend and collaborator and a tremendous economist. Eric Maskin collaboratordesigneconomist Change image and share on social
The theory of mechanism design can be thought of as the 'engineering' side of economic theory. Eric Maskin designeconomicengineer Change image and share on social