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, ...

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 ...

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

Northwestern Engineering faculty and students participated in the annual forum for advances in theory, empirics, and ...

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

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 field of mechanism design investigates how to construct systems and institutional rules that lead self‐interested agents to outcomes which achieve societal objectives. Auction theory, a key ...

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: ...