Research Area I:

Mechanism design and game theory

We are concerned with the development of abstract game theoretic tools and with their application to a wide range of economic situations. Particular emphasis is put on dynamic games, and on applications of mechanism design to auctions, matching, contract design and the provision of public goods. Each application requires a variety of mathematical tools, e.g. variational and convex analysis, stochastic processes, differential equations, combinatorial optimization, and dynamic programming. Thus, research in this area is characterised by a fruitful blend between economic ideas and mathematical methods. In addition, mathematical models are used in order to offer theoretical unifications for observed experimental and behavioural phenomena. In particular, we study

  • Robustness and mechanisms without transfers
  • Ex-ante strategic decisions and efficiency
  • Stochastic and dynamic games

Leaders of the Research Area