Agri-food value chains (AVCs) intermediate the flow of products between largely rural
farmers, fisherfolk, or herders and increasingly urban consumers. The theoretical models …

This paper introduces a decentralized market design, which allows a distribution system
operator to manage local demand constraints by obtaining flexibility from competing …

Policymakers frequently use price regulations as a response to inequality in the markets
they control. In this paper, we examine the optimal structure of such policies from the …

Abstract The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred
Nobel was awarded to Paul R. Milgrom and Robert B. Wilson for “improvements to auction …

Market design seeks to translate economic theory and analysis into practical solutions to
real-world problems. By redesigning both the rules that guide market transactions and the …

We introduce an empirical framework for models of matching with imperfectly transferable
utility and unobserved heterogeneity in tastes. Our framework allows us to characterize …

Shared parking is recognized as a promising solution to tackle the parking space shortage
problem in population-dense cities. However, peer-to-peer shared parking by individuals is …

In matching models, pairwise-stable outcomes do not generally exist without substantial
restrictions on both preferences and the topology of the network of contracts. We address the …

In this paper, we show that stable outcomes exist in matching environments with
complementarities, such as social media platforms or markets for patent licenses. Our results …

Studying job matching in a Kelso-Crawford framework, we consider arbitrary constraints
imposed on sets of doctors that a hospital can hire. We characterize all constraints that …