Written by more than fifty top researchers from economics, OR, and algorithm design, this text comprehensively covers a major inter-disciplinary field and its important applications from the basics to state of the art. Key chapters discuss efficiency, fairness and incentives, and market design...

Das Phänomen der Digitalisierung verändert unsere Produkte und Dienstleistungen. Während sie früher aus mechanischen und elektrischen Komponenten bestanden, sind aus Produkten heute komplexe Systeme geworden, die Hardware, Sensoren, Datenspeicher, Mikroprozessoren, Software und Vernetzung in...

A dynamic mechanism design problem is considered. We suppose dynamic population and identical perishable goods, such as time slots of a central facility and hotel rooms. We consider a situation where each agent needs to keep an object for more than one period to make profits. The seller makes...

The emergence of new technologies forces policy makers to decide whether the existing legal and regulatory framework is appropriate or whether a different approach might better realize their potential benefits for society. While there is broad agreement on the desirability of competition in...

We develop a tool akin to the revelation principle for mechanism design with limited commitment. We identify a canonical class of mechanisms rich enough to replicate the outcomes of any equilibrium in a mechanism-selection game between an uninformed designer and a privately informed agent. A...