Auction theory and mechanism design form a cornerstone of economic and computer science research, examining how individuals or entities bid for resources and ensuring that strategic interactions yield ...

image: 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 ...

I propose a new mechanism design approach to the problem of ranking standard auctions with two heterogeneous bidders. A key feature of the approach is that it may be possible to rank two auctions even ...

Milkman, Katherine L., James Burns, David Parkes, Gregory M. Barron, and Kagan Tumer. "Testing a Purportedly More Learnable Auction Mechanism." Special Issue on Theoretical, Empirical and Experimental ...

The lack of coordination among carriers leads to substantial inefficiencies in logistics. Such coordination problems constitute fundamental problems in supply chain management for their computational ...

Assume you are a potential buyer for a house that is valued at $2 million. At the auction, you meet three other potential buyers who are keen to put in bids for the house. A house auction is a simple ...