Market Design
Research Articles
-
Rationally Analyzing Shelby: Proving Incentive Compatibility in a Decentralized Storage Network [with M. Crystal and G. Goren]Proceedings of the International Conference on Financial Cryptography and Data Security, forthcoming
-
Strategy-Proofness, Investment Efficiency, and Marginal Returns: An Equivalence [with J. W. Hatfield and F. Kojima]European Economic Review [Nora Szech Memorial Issue], forthcoming
-
Incentive-Compatible Recovery from Manipulated Signals, with Applications to Decentralized Physical Infrastructure [with J. Milionis, J. Ernstberger, J. Bonneau, and T. Roughgarden]Proceedings of the International Conference on Financial Cryptography and Data Security, forthcoming
-
Robust Content Moderation: Theory and Applications [with J. M. Shapiro]NBER Working Paper, 2026
-
Arcade Tokens: The Most Underappreciated Token Type [with M. Jennings, E. Lazzarin, and T. Roughgarden]a16z crypto, 2025
-
Shill-Proof Auctions [with A. Komo and T. Roughgarden]Working paper, 2025
-
A Price Theory of Price Gouging [with P. Dworczak]Working paper, 2025
-
Optimal Redistribution via Income Taxation and Market Design [with P. Doligalski (R) P. Dworczak and M. Akbarpour]Working paper, 2025
-
Defining Tokens [with M. Jennings and E. Lazzarin]a16z crypto, 2025
-
Network Tokens vs. Company-backed Tokens [with M. Jennings and E. Lazzarin]a16z crypto, 2025
-
Optimal Membership Design [with P. Dworczak (R) M. Reuter (R) C. Lee]Working paper, 2025
-
Collusion in Brokered Markets [with J. W. Hatfield and R. Lowery]Journal of Finance, 2025
-
Navigating the Token Migration Maze: A Tax Framework [with D. Sverdlov and M. Winkler]Journal of Taxation of Financial Products, 2025
-
NFTs as a Data-Rich Test Bed: Conspicuous Consumption and its Determinants [with T. Lundy, N. Raman, and K. Leyton-Brown]Proceedings of the ACM Web Conference, 2025
-
Journal of Mechanism and Institution Design, 2024
-
The Next Phase of the Data Economy: Economic & Technological Perspectives [with J. Esber, L. Kornfeld, S. Belsky, A. Chitnis, K. Chmielinski, J. A. Deighton, D. Eliot, C. A. A. Rossini, D. Searls, K. Shah, and R. Williams]Working paper, 2024
-
How NFT Royalties Work: Designs, Challenges, and New Ideas [with M. Blau and D. Matsuoka]a16z crypto, 2024
-
a16z crypto, 2024
-
An Economic Framework for Vaccine Prioritization [with M. Akbarpour (R) E. Budish (R) P. Dworczak]Quarterly Journal of Economics, 2024
-
Redistributive Allocation Mechanisms [with M. Akbarpour (R) P. Dworczak]Journal of Political Economy, 2024
-
A New NFT Launch Strategy: The Wave Mint [with 1. S. Leet]a16z crypto, 2023
-
Algorithmic Mechanism Design with Investment [with M. Akbarpour, K. M. Li, S. Li, and P. Milgrom]Econometrica, 2023
-
Not from Concentrate: Collusion in Collaborative Industries [with J. M. Barry, J. W. Hatfield, and R. Lowery]Iowa Law Review, 2023
-
Matching Mechanisms for Refugee Resettlement [with D. Delacrétaz and A. Teytelboym]American Economic Review, 2023
-
Generalized Matching: Contracts and Networks [with J. W. Hatfield, R. Jagadeesan, A. Nichifor, M. Ostrovsky, A. Teytelboym, and A. Westkamp]Online and Matching-Based Market Design, 2023
-
The Harvard USPTO Patent Dataset: A Large-Scale, Well-Structured, and Multi-Purpose Corpus of Patent Applications [with M. Suzgun, L. Melas-Kyriazi, S. K. Sarkar, and S. Shieber]NeurIPS Datasets and Benchmarks Track, 2023
-
Why NFT Creators Are Going cc0 [with flashrekt]a16z crypto, 2022
-
Distributing a Billion Vaccines: COVAX Successes, Challenges, and Opportunities [with E. Budish, H. Kettler, E. Osland, C. Prendergast, and A. A. Torkelson]Oxford Review of Economic Policy, 2022
-
Auctioneers Sometimes Prefer Entry Fees to Extra Bidders [with J. Chen]International Journal of Industrial Organization, 2021
-
Do you Know How Your Teams Get Work Done? [with A. Narayan, R. N. Murty, R. B. Das, S. Srinivasan, T. Khanna, and K. Hosanagar]Harvard Business Review [Online], 2021
-
How NFTs Create Value [with S. Kaczynski]Harvard Business Review [Online], 2021
-
A Novel Framework for Reputation-Based Systems [with J. Esber]Future, 2021
-
Deep Learning for Two-Sided Matching [with S. S. Ravindranatha, Z. Feng, S. Li, J. Ma, and D. C. Parkes]Working paper, 2021
-
Preparing for a Pandemic: Accelerating Vaccine Availability [with A. Ahuja, S. Athey, A. Baker, E. Budish, J. C. Castillo, R. Glennerster, M. Kremer, J. Lee, C. Prendergast, C. M. Snyder, A. Tabarrok, B. J. Tan, and W. Więcek]AEA Papers and Proceedings, 2021
-
Market Design to Accelerate COVID-19 Vaccine Supply [with J. C. Castillo, A. Ahuja, S. Athey, A. Baker, E. Budish, T. Chipty, R. Glennerster, M. Kremer, G. Larson, J. Lee, C. Prendergast, C. M. Snyder, A. Tabarrok, B. J. Tan, and W. Więcek]Science, 2021
-
Redistribution through Markets [with P. Dworczak (R) M. Akbarpour]Econometrica, 2021
-
Chain Stability in Trading Networks [with J. W. Hatfield, A. Nichifor, M. Ostrovsky, and A. Westkamp]Theoretical Economics, 2021
-
Stability, Strategy-Proofness, and Cumulative Offer Mechanisms [with J. W. Hatfield and A. Westkamp]Review of Economic Studies, 2021
-
What Makes an Online Marketplace Disruptive? [with C. Maxwell]Harvard Business Review [Online], 2021
-
The Endless Digital Workday [with A. Narayan, R. N. Murty, and R. B. Das]Harvard Business Review [Online], 2021
-
Paying It Backward and Forward: Expanding Access to Convalescent Plasma Therapy Through Market Design [with P. A. Pathak, T. Sönmez, and M. U. Unver]NBER Working Paper, 2020
-
Comparative Statics for Size-Dependent Discounts in Matching Markets [with D. Delacrétaz and A. Nichifor]Journal of Mathematical Economics, 2020
-
Taxation in Matching Markets [with A. Dupuy, A. Galichon, and S. Jaffe]International Economic Review, 2020
-
Collusion in Markets with Syndication [with J. W. Hatfield, R. Lowery, and J. M. Barry]Journal of Political Economy, 2020
-
Lone Wolves in Competitive Equilibria [with R. Jagadeesan and R. Rheingans-Yoo]Social Choice and Welfare, 2020
-
How Long Can a Company Thrive Doing Just One Thing? [with A. Wu]Harvard Business Review [Online], 2020
-
Patent Trolls: Evidence from Targeted Firms [with L. Cohen and U. G. Gurun]Management Science, 2019
-
Full Substitutability [with J. W. Hatfield, A. Nichifor, M. Ostrovsky, and A. Westkamp]Theoretical Economics, 2019
-
Allocation for Social Good: Auditing Mechanisms for Utility Maximization [with T. Lundy, A. Wei, H. Fu, and K. Leyton-Brown]Proceedings of the 2019 ACM Conference on Economics and Computation, 2019
-
Ridesharing with Driver Location Preferences [with D. Rheingans-Yoo, H. Ma, and D. C. Parkes]Proceedings of the Twenty-Eighth International Joint Conference on Artificial Intelligence, 2019
-
Optimizing Reserves in School Choice: A Dynamic Programming Approach [with F. Wang and R. Jagadeesan]Operations Research Letters, 2019
-
Working paper, 2018
-
A Theory of Intergenerational Mobility [with G. S. Becker, K. M. Murphy, and J. L. Spenkuch]Journal of Political Economy [Gary S. Becker Memorial Issue], 2018
-
Reserve Design: Unintended Consequences and The Demise of Boston's Walk Zones [with U. Dur, P. A. Pathak, and T. Sönmez]Journal of Political Economy, 2018
-
Strategy-Proofness of Worker-Optimal Matching with Continuously Transferable Utility [with R. Jagadeesan and R. Rheingans-Yoo]Games and Economic Behavior [Lloyd Shapley Memorial Issue], 2018
-
'Troll' Check? A Proposal for Administrative Review of Patent Litigation [with L. Cohen, J. M. Golden, and U. G. Gurun]Boston University Law Review, 2017
-
Contract Design and Stability in Many-to-Many Matching [with J. W. Hatfield]Games and Economic Behavior [Special Issue in Honor of John O. Ledyard], 2017
-
Stable and Strategy-Proof Matching with Flexible Allotments [with J. W. Hatfield and A. Westkamp]American Economic Review Papers & Proceedings, 2017
-
The Growing Problem of Patent Trolling [with L. Cohen and U. G. Gurun]Science, 2016
-
To Groupon or Not to Groupon: The Profitability of Deep Discounts [with B. Edelman and S. Jaffe]Marketing Letters, 2016
-
Matching with Slot-Specific Priorities: Theory [with T. Sönmez]Theoretical Economics, 2016
-
Multilateral Matching [with J. W. Hatfield]Journal of Economic Theory [Special Issue on the Interface between Computer Science and Economic Theory], 2015
-
Corrigendum to "Multilateral matching" [J. Econ. Theory 156 (2015) 175–206] [with K. Bando, T. Hirai, and J. W. Hatfield]Journal of Economic Theory, 2019
-
-
Design and Implementation of a Privacy Preserving Electronic Health Record Linkage Tool in Chicago [with A. N. Kho, J. P. Cashy, K. L. Jackson, A. R. Pah, S. Goel, J. Boehnke, J. E. Humphries, B. N. Hota, S. A. Sims, B. A. Malin, D. D. French, T. L. Walunas, D. O. Meltzer, E. O. Kaleba, R. Jones, and W. L. Galanter]Journal of the American Medical Informatics Association, 2015
-
Convergence of Position Auctions under Myopic Best-Response Dynamics [with M. Cary, A. Das, B. Edelman, I. Giotis, K. Heimerl, A. R. Karlin, C. Mathieu, and M. Schwarz]ACM Transactions on Economics and Computation, 2014
-
Investment Incentives in Labor Market Matching [with J. W. Hatfield and F. Kojima]American Economic Review Papers & Proceedings, 2014
-
Stability and Competitive Equilibrium in Trading Networks [with J. W. Hatfield, A. Nichifor, M. Ostrovsky, and A. Westkamp]Journal of Political Economy, 2013
-
Vacancies in Supply Chain Networks [with J. W. Hatfield]Economics Letters, 2013
-
Testing Substitutability [with J. W. Hatfield and N. Immorlica]Games and Economic Behavior, 2012
-
Matching in Networks with Bilateral Contracts [with J. W. Hatfield]American Economic Journal: Microeconomics, 2012
-
Matching in Networks with Bilateral Contracts: Corrigendum [with J. W. Hatfield and R. Jagadeesan]American Economic Journal: Microeconomics, 2020
-
-
Games and Economic Behavior, 2012
-
Holdout in the Assembly of Complements: A Problem for Market Design [with E. G. Weyl]American Economic Review Papers & Proceedings, 2012
-
Games and Economic Behavior, 2010
-
Course Allocation by Proxy Auction [with M. Ruberry and J. Ullman]Proceedings of the 6th Workshop on Internet & Network Economics, 2010
-
Hidden Substitutes [with J. W. Hatfield]Working paper, forthcoming
-
Concordance among Holdouts [with E. G. Weyl]Working paper, forthcoming
Surveys & Reviews
-
AI x Crypto Crossovers [with S. Broner, J. Drain, G. Wuollet, E. Harkavy, C. Wu, and M. Gleason]a16z crypto, 2025
-
The Theory of Matching with Contracts [with J. W. Hatfield]Handbook of the Economics of Matching, 2025
-
NFT Sales: Clearing the Market, Avoiding Gas Wars [with T. Roughgarden]a16z crypto, 2022
-
Vaccines and the COVID-19 Pandemic: Lessons from Failure and Success [with A. Tabarrok]Oxford Review of Economic Policy, 2022
-
Harvard Business School Note, 2021
-
Discovering Auctions: Contributions of Paul Milgrom and Robert Wilson [with A. Teytelboym (R) S. Li (R) M. Akbarpour (R) P. Dworczak]Scandinavian Journal of Economics, 2021
-
The Parable of the Auctioneer: Complexity in Paul R. Milgrom's Discovering Prices [with A. Teytelboym]Journal of Economic Literature, 2020
-
Making Markets [with T. R. Eisenmann]Harvard Business School Note, 2018
-
ACM SIGecom Exchanges, 2018
-
Empirical Evidence on the Behavior and Impact of Patent Trolls: A Survey [with L. Cohen and U. G. Gurun]Patent Assertion Entities and Competition Policy, 2017
-
An Invitation to Market Design [with A. Teytelboym and V. P. Crawford]Oxford Review of Economic Policy, 2017
-
Stability and Competitive Equilibrium in Matching Markets with Transfers [with J. W. Hatfield]ACM SIGecom Exchanges, 2011
Books
-
The Everything Token: How NFTs and Web3 Will Transform the Way We Buy, Sell, and Create [with S. Kaczynski]Portfolio/Penguin, 2024
Public Writing
-
Project Syndicate, 2026
-
a16z crypto, 2025
-
It's Time to Give Up on Ending Social Media's Misinformation Problem [with J. M. Shapiro]The Atlantic, 2024
-
Harvard Business Review [Online], 2023
-
We Need an Operation Warp Speed for Long COVID [with E. K. Choo]Scientific American, 2023
-
Progressive Decentralization: A High-level Framework [with J. Esber]a16z crypto, 2023
-
Why Decentralized Crypto Platforms Are Weathering the Crash [with S. Bernstein]Harvard Business Review [Online], 2022
-
DAO Governance Attacks, and How to Avoid Them [with P. Garimidi and T. Roughgarden]a16z crypto, 2022
-
a16z crypto, 2022
-
Why Build in Web3 [with J. Esber]Harvard Business Review [Online], 2022
-
It's Time to Redouble and Refocus Our Efforts to Fight COVID, Not Retreat [with K. Bachynski, B. C. Castrucci, E. K. Choo, R. Dhillon, J. Downs, L. Ganapathi, G. Gonsalves, A. Karan, R. C. Keller, J. Levy, M. Lincoln, S. Prins, J. Raifman, and A. Sosin]BMJ: British Medical Journal, 2022
-
Bitcoin and Beyond [with C. Catalini and R. Jagadeesan]Project Syndicate, 2021
-
Bloomberg Opinion, 2020
-
Patent Trolling Isn't Dead — It's Just Moving to Delaware [with L. Cohen and U. G. Gurun]Harvard Business Review [Online], 2017
Microeconomic Theory
Research Articles
-
To Infinity and Beyond: Scaling Economic Theories via Logical Compactness [with Y. A. Gonczarowski and R. I. Shorrer]Theoretical Economics, 2025
-
Orienteering for Electioneering [with J. Kallenbach and R. Kleinberg]Operations Research Letters, 2018
-
Paying (for) Attention: The Impact of Information Processing Costs on Bayesian Inference [with X. Mu and A. Peysakhovich]Working paper, 2016
-
Delayed-Response Strategies in Repeated Games with Observation Lags [with D. Fudenberg and Y. Ishii]Journal of Economic Theory, 2014
-
Economics Letters, 2012
-
Information Can Wreck Cooperation: A Counterpoint to Kandori (1992) [with Y. Kamada]Economics Letters, 2010
Surveys & Reviews
-
Jerry R. Green (1946-) [with E. Dekel and J. Geanakoplos]The Palgrave Companion to Harvard Economics, 2024
Urban Economics
Research Articles
-
Decision Authority and the Returns to Algorithms [with H. Kim, E. L. Glaeser, A. Hillis, and M. Luca]Strategic Management Journal, 2024
-
Computer Vision Uncovers Predictors of Physical Urban Change [with N. Naik, R. Raskar, E. L. Glaeser, and C. A. Hidalgo]Proceedings of the National Academy of Sciences, 2017
-
Crowdsourcing City Government: Using Tournaments to Improve Inspection Accuracy [with E. L. Glaeser, A. Hillis, and M. Luca]American Economic Review Papers & Proceedings, 2016
-
Agglomerative Forces and Cluster Shapes [with W. R. Kerr]Review of Economics and Statistics, 2015
Surveys & Reviews
-
Big Data and Big Cities: The Promises and Limitations of Improved Measures of Urban Life [with E. L. Glaeser, M. Luca, and N. Naik]Economic Inquiry, 2018
Empirical Methods
Research Articles
-
Costly Concessions: An Empirical Framework for Matching with Imperfectly Transferable Utility [with A. Galichon and S. Weber]Journal of Political Economy, 2019
Law and Economics
Research Articles
-
On the Representativeness of Voter Turnout [with L. Kaplow]Journal of Law and Economics, 2024
-
To Thine Own Self Be True? Incentive Problems in Personalized Law [with J. W. Hatfield and J. M. Barry]William & Mary Law Review, 2021
-
Public Choice [Special Issue on Quadratic Voting and the Public Good], 2017
-
On Derivatives Markets and Social Welfare: A Theory of Empty Voting and Hidden Ownership [with J. M. Barry and J. W. Hatfield]Virginia Law Review, 2013
Surveys & Reviews
-
A Theory of Empty Voting and Hidden Ownership [with J. M. Barry and J. W. Hatfield]Harvard Law School Forum on Corporate Governance and Financial Regulation, 2012