Laboratory experiments are a widely used methodology for advancing causal knowledge in
the physical and life sciences. With the exception of psychology, the adoption of laboratory …

Many auctions involve the sale of a variety of distinct assets. Examples are airport time slots,
delivery routes, network routing, and furniture. Because of complementarities or substitution …

Computer science and economics have engaged in a lively interaction over the past fifteen
years, resulting in the new field of algorithmic game theory. Many problems that are central …

Environments with public goods are a wonderful playground for those interested in delicate
experimental problems, serious theoretical challenges, and difficult mechanism design …

Information is a central concept in economics, and The Knowledge We Have Lost in
Information explores its treatment in modern economics. The study of information, far from …

ONE PARTY TO AN EXCHANGE often knows something relevant to the transaction that the
other party does not know. Such asymmetries of information are pervasive in economic …

Providing a comprehensive introduction to modern auction theory and its important new
applications, this book is written by a leading economic theorist whose suggestions guided …

Economists have lately been called upon not only to analyze markets, but to design them.
Market design involves a responsibility for detail, a need to deal with all of a market's …

When we leave our closet, and engage in the common affairs of life,(reason's) conclusions
seem to vanish, like the phantoms of the night on the appearance of the morning; and'tis …

Bridges the knowledge gap between engineering and economics in a complex and evolving
deregulated electricity industry, enabling readers to understand, operate, plan and design a …