Eric Maskin Together Quotations

What we mean by an outcome will naturally depend on the context. Thus, for a government charged with delivering public goods, an outcome will consist of the quantities provided of such goods as intercity highways, national defense and security, environmental protection, and public education together with the arrangements by which they are financed.

In an industry with highly sequential innovation, it may be better for society to scrap patents altogether than try to tighten them.