What is the best way to auction an asset? How should a group of people organize
themselves to ensure the best provision of public goods? How should exchanges be …

The mechanism design literature assumes too much common knowledge of the environment
among the players and planner. We relax this assumption by studying mechanism design on …

We study efficient, Bayes‐Nash incentive compatible mechanisms in a social choice setting
that allows for informational and allocative externalities. We show that such mechanisms …

In this paper, we apply game theory to model strategies of secrecy and deception in a
multiple-period attacker–defender resource-allocation and signaling game with incomplete …

Первая российская монография по моделированию экономических институтов на
уровне фирмы и региона. В монографии представлены авторские разработки по …

Robert Wilson criticizes applied game theory's reliance on common-knowledge
assumptions. In reaction to Wilson's critique, the recent literature of mechanism design has …

Rationalizability is a central solution concept of game theory. Economic models often have
many rationalizable outcomes, motivating economists to use refinements of rationalizability …

The standard profit-maximizing multiunit auction intersects the submitted demand curve with
a preset reservation supply curve, which is determined using the distribution from which the …

The American law generally regards the" bundle of rights" as property's dominant metaphor.
On this conception of property, ownership empowers an individual to control a particular …

We illustrate the corrosive effect of even small amounts of adverse selection in an asset
market and show how it can lead to the total breakdown of trade. The problem is the failure …