Mechanism design, however, is not simply a mathematical apparatus justifying the insights of Hayek. Leonid Hurwicz, the godfather of the field who is now in his nineties, ...

The simulations revealed that while the triangular shape of the gear teeth did not pose a major problem, poor spacing between ...

SMU Assistant Professor Li Jiangtao aims to further the theoretical work of mechanism design, which is a framework that is frequently used by governments and leaders for facilitating auctions and ...

Week three of a16z’s Crypto Startup School focuses on understanding how to capture value and design proper incentives within the decentralized framework. We learn how familiar ideas like network ...

Satoshi did thoroughly consider the design of the Bitcoin mining mechanism. He was confronted with two options: one allocating Bitcoins to all users according to the number of the nodes, namely one-IP ...

The The Stratospheric Projectile Entry Experiment on Dynamics (SPEED), a two-stage stratospheric drop test architecture, is currently under ...

Mechanism Design: The study of creating systems or games in which strategically acting agents are led to outcomes that align with the designer’s objectives. Incentive Compatibility: ...

Hussam, Reshmaan, Natalia Rigol, and Benjamin N. Roth. "Targeting High Ability Entrepreneurs Using Community Information: Mechanism Design in the Field." American Economic Review 112, no. 3 (March ...