JO Ledyard - Public Economics, 1994 - ideas.repec.org
Downloadable! Environments with public goods are a wonderful playground for those interested
in delicate experimental problems, serious theoretical challenges, and difficult mechanism design
issues. A review is made of various public goods experiments. It is found that the public ...
T Groves… - Econometrica: Journal of the Econometric Society, 1977 - JSTOR
This paper presents a general equilibrium model in which private commodities are allocated
through competitive markets and public commodities according to government allocation
and taxing rules that depend on information communicated to the government by ...
JO Ledyard - Public Choice, 1984 - Springer
Page 1. Public Choice 44:7-41 (1984). © 1984 Martinus Nijhoff Publishers, Dordrecht.
Printed in the Netherlands. The pure theory of large two-candidate elections JOHN
O. LEDYARD* INTRODUCTION A long-standing goal ...
JS Banks, JO Ledyard… - The Rand Journal of Economics, 1989 - JSTOR
Page 1. RAND Journal of Economics Vol. 20, No. 1, Spring 1989 Allocating uncertain
and unresponsive resources: an experimental approach Jeffrey S. Banks * John 0.
Ledyard * * and David P. Porter* * We identify an important ...
JO Ledyard, M Olson, D Porter, JA Swanson… - Interfaces, 2002 - JSTOR
Page 1. The First Use of a Combined-Value Auction for Transportation Services John O.
Ledyard Division of the Humanities and Social Sciences, California Institute of Technology,
Mailcode 228-77, Pasadena, California 91125 Mark Olson David Porter ...
MJ Hinich, JO Ledyard… - Journal of Economic …, 1972 - ideas.repec.org
Downloadable (with restrictions)! No abstract is available for this item.
AM Kwasnica, JO Ledyard, D Porter… - Management Science, 2005 - JSTOR
Page 1. MANAGEMENT SCIENCE M3H. Vol. 51, No. 3, March 2005, pp. 419-434 DOI
i0.1287/mnsc.l040.0334 issn 0025-19091 eissn 1526-55011051510310419 ? 2005
INFORMS A New and Improved Design for Multiobject Iterative Auctions ...
MM Bykowsky, RJ Cull… - Journal of Regulatory Economics, 2000 - Springer
Page 1. Journal of Regulatory Economics; 17:3 205±228, 2000 © 2000 Kluwer Academic
Publishers. Manufactured in The Netherlands. Mutually Destructive Bidding: The FCC Auction
Design Problem MARK M. BYKOWSKY Automated Credit Exchange, 15 S. Raymond Ave. ...
D Easley… - Working Papers, 1993 - econpapers.repec.org
Published in The Double Auction Market: Institutions, Theories and Evidence, edited by D.
Friedman, J. Geankoplos, D. Lane, and J. Rust, Santa Fe Institute Studies in the Sciences of
Complexity, Proceedings Volume XV., Addison-Wesley 1992. ... Related works: This item ...
JO Ledyard, D Porter… - Journal of Economics & …, 1997 - Wiley Online Library
... these experiments. b Robin Hanson and David Porter designed and conducted these
experiments. c Antonio Rangel, David Porter, and John Ledyard designed and/or
conducted these experiments. d Competitive equilibrium. In ...
JO Ledyard - Working Papers, 1981 - econpapers.repec.org
By John O. Ledyard; The Paradox of Voting and Candidate
Competition: A General Equilibrium Analysis.
[CITATION] Incentive compatibility since 1972
T Groves, J Ledyard - … in honor of …, 1987 - Minneapolis, MN: Univ. of Minnesota …
M Hinich, J Ledyard… - Journal of Politics, 1973 - Cambridge Univ Press
Two areas of political science that utilize rigorous deductive formulations are:(1) the paradox
of voting, and (2) spatial analysis of election competition. It is not surprising that the analysis
of the paradox and the development of spatial theory occur simultaneously because the ...
JO Ledyard… - Journal of Economic Behavior & …, 1994 - Elsevier
... We would also like to thank Jamie Kruse, Linda Cohen, and two anonymous referees for their
comments. John Ledyard is a professor of economics and social sciences in the Division of
Humanities and Social Sciences at the California Institute of Technology. ...
T Groves… - Public Choice, 1977 - Springer
Page 1. Articles SOME LIMITATIONS OF DEMAND REVEALING PROCESSES
Theodore Groves and John O. Ledyard, " I. Introduction The proposition that, due to
the free-rider phenomenon, there is no decentralized mechanism ...
JO Ledyard - Journal of Economic Theory, 1986 - Elsevier
KJ Arrow, R Forsythe, M Gorham… - … -NEW YORK THEN …, 2008 - arlingtoneconomics.com
Page 1. www.sciencemag.org SCIENCE VOL 320 16 MAY 2008 877 POLICYFORUM
Prediction markets are forums for trad- ing contracts that yield payments based on
the outcome of uncertain events. There is mounting evidence ...
J Ledyard - Journal of Economic Theory, 1978 - en.scientificcommons.org
Abstract There electronic version this working paper you want paper copy you can mail the
working paper coordinator sswp hss caltech edu and will glad send you copy Let know the
number title and author the paper you want Please include your name and mailing ...
JO Ledyard… - Econometrica, 1999 - Wiley Online Library
Page 1. Ž . Econometrica, Vol. 67, No. 2 March, 1999 , 435448 A CHARACTERIZATION
OF INTERIM EFFICIENCY WITH PUBLIC GOODS BY JOHN O. LEDYARD AND
THOMAS R. PALFREY 1 1. INTRODUCTION IN THIS PAPER ...
J Ledyard… - Center for Mathematical Studies …, 1974 - kellogg.northwestern.edu
-2-simultaneously achieved in the absence of public goods, when incentive problems have
been considered minimal, while we do not have a corresponding result for exactly that case
where it has been assumed that incentive problems were most acute. The first objective of ...
JO Ledyard… - The Review of Economic …, 1994 - restud.oxfordjournals.org
Page 1. Review of Economic Studies (1994) 61, 327-355 © 1994 The Review of
Economic Studies Limited 0034-6527/94/00170327$02.00 Voting and Lottery Drafts
as Efficient Public Goods Mechanisms JOHN O. LEDYARD ...
T Groves… - Econometrica: Journal of the Econometric Society, 1980 - JSTOR
Page 1. Econometrica, Vol. 48, No. 6 (September, 1980) THE EXISTENCE OF
EFFICIENT AND INCENTIVE COMPATIBLE EQUILIBRIA WITH PUBLIC GOODS'
BY THEODORE GROVES AND JOHN 0. LEDYARD In our previous ...
JO Ledyard - Working Papers, 1987 - econpapers.repec.org
By John O. Ledyard; Market Failure.
JO Ledyard - Working Papers, 1989 - ideas.repec.org
Downloadable! No abstract is available for this item.
P Bossaerts, L Fine… - European Economic Review, 2002 - Elsevier
Asset pricing theory hypothesizes that investors are only interested in portfolios; individual
securities are evaluated only in terms of their contribution to portfolio risk and return. Yet,
standard financial market design is that of parallel, unconnected markets, whereby ...
JO Ledyard… - Journal of Public Economics, 2002 - Elsevier
JO Ledyard - Working Papers, 1989 - econpapers.repec.org
By John O. Ledyard; Information Aggregation in Two-Candidate Elections.
E Kalai… - Journal of Economic Theory, 1998 - Elsevier
AW Williams, VL Smith, JO Ledyard… - Advances in Experimental …, 2001 - Springer
Page 1. Concurrent trading in two experimental markets with demand
interdependence Arlington W. Williams!, Vernon L. Smith2, John O. Ledyard3, and
Steven Gjerstad4 1 Department of Economics, Wylie Hall 105, Indiana ...
J Arifovic… - Journal of Public Economic Theory, 2004 - Wiley Online Library
Abstract We study three learning rules (reinforcement learning (RL), experience weighted
attraction learning (EWA), and individual evolutionary learning (IEL)) and how they perform
in three different Groves–Ledyard mechanisms. We are interested in how well these ...
JO Ledyard… - Journal of Economic Theory, 2007 - Elsevier
M Berliant… - 2011 - mpra.ub.uni-muenchen.de
We wish to study optimal dynamic nonlinear income taxes. Do real world taxes share some
of their features? What policy prescriptions can be made? We study a two period model,
where the consumers and government each have separate budget constraints in the two ...
C Brunner,
JK Goeree, CA Holt… - American Economic …, 2010 - ingentaconnect.com
Page 1. 39 American Economic Journal: Microeconomics 2010, 2:1, 39–57
http://www.aeaweb.org/articles.php?doi=10.1257/mic.2.1.39 Simultaneous auctions for
multiple items are often used when the values of the items are interrelated. ...
T Groves… - Discussion Papers, 1985 - 129.105.97.149
I. INTRODUCTION Although discussions of the role of private incentives have been included
in writings on economics and political economy for over two hundred years--at least as far
baclt as Adam Smith's Wealth of Nations--the formal treatment of the subject is a recent ...
J Ledyard, R Hanson… - Journal of Economic Behavior & …, 2009 - Elsevier
While a simple information market lets one trade on the probability of each value of a single
variable, a full combinatorial information market lets one trade on any combination of values
of a set of variables, including any conditional or joint probability. In laboratory ...
[CITATION] 0. 1995. Public goods: A survey of experimental research
J Ledyard - … of Experimental Economics, Princeton University Press …
T Groves… - Discussion Papers, 1974 - econpapers.repec.org
By Theodore Groves and John Ledyard; An Incentive Mechanism for Efficient Resource
Allocation in General Equilibrium with Public Goods. ... Allocation in General Equilibrium
with Public Goods. Theodore Groves () and John Ledyard. ...
T Ishikida, J Ledyard, M Olson… - Research in …, 2001 - emeraldinsight.com
The efficient management of air quality through the use of pollution emissions trading
systems is not a new idea (see Montgomery (1972)). However, the implementation of such
systems is new. The design of the pollution permits being exchanged and the market in ...
J Ledyard, D Porter… - Experimental Economics, 2000 - Springer
Abstract This is an investigation into the design of a market-based process to replace
NASA's current committee process for allocating Shuttle secondary payload resources
(lockers, Watts and crew). The market-based process allocates budgets of tokens to NASA ...
[CITATION] An analysis and recommendation for the terms of the RECLAIM trading credit
D Carlson, C Forman, J Ledyard, N Olmstead… - Pacific Stock Exchange …, 1993
JO Ledyard, C Noussair… - Review of Economic Design, 1996 - Springer
Page 1. Economic Design ELSEVIER Economic Design 2 (1996) 163-192 The
allocation of a shared resource within an organization John O. Ledyard a, Charles
Noussair b,. , David Porter a a California Institute of Technology ...
[CITATION] Is there a problem with public goods provision
JO Ledyard - The Handbook of Experimental Economics, 1995
JO Ledyard - Econometrica: Journal of the Econometric Society, 1977 - JSTOR
Page 1. Econometrica, Vol. 45, No. 7 (October, 1977) INCENTIVE COMPATIBLE
BEHAVIOR IN CORE-SELECTING ORGANIZATIONS' BY JOHN O. LEDYARD2 1.
INTRODUCTION PART OF THE STRUCTURE of any economic ...
[CITATION] Dynamics and land use: the case of forestry
J Ledyard… - Public and urban economics, 1976
[CITATION] Designing information markets for policy analysis
JO Ledyard, R Hahn… - Information Markets: A New Way of Making …, 2006
JK Goeree, CA Holt… - prepared for the Wireless …, 2006 - hss.caltech.edu
Page 1. An Experimental Comparison of the FCC's Combinatorial and Non-
Combinatorial Simultaneous Multiple Round Auctions Prepared for the Wireless
Telecommunications Bureau of the Federal Communications Commission ...
JO Ledyard… - Working Papers, 1996 - ideas.repec.org
Downloadable! No abstract is available for this item.
JO Ledyard - Journal of Economic Theory, 1971 - econpapers.repec.org
By John O. Ledyard; The relation of optima and market equilibria with externalities.
K Arrow, S Sunder, R Forsythe, R Litan… - AEI-Brookings Joint …, 2007 - papers.ssrn.com
Abstract: Prediction markets are markets for contracts that yield payments based on the
outcome of an uncertain future event, such as a presidential election. Using these markets
as forecasting tools could substantially improve decision making in the private and public ...
[CITATION] The paradox of voting and party competition
JD Ledyard - Essays in Contemporary Fields of Economics, 1982
RT Boylan, J Ledyard… - Economic Theory, 1996 - Springer
Summary We analyze the role of political competition on the type of economic policies that
are selected in a one sector model of economic growth. We identify conditions under which
neoclassical optimal growth plans occur, and conditions in which political business cycles ...
I Krajbich, C Camerer, J Ledyard… - Science, 2009 - sciencemag.org
Abstract Every social group needs to decide when to provide public goods and how to
allocate the costs among its members. Ideally, this decision would maximize the group's net
benefits while also ensuring that every individual's benefit is greater than the cost he or ...
J Arifovic… - Journal of Economic Dynamics and Control, 2007 - Elsevier
What are the consequences of making bids and offers in the book available to traders in a
call market? This is a problem in market design. We employ a computational mechanism
design methodology to attack this problem and find that allocative efficiencies are higher ...
JO Ledyard - Discussion Papers, 1974 - ideas.repec.org
Downloadable! No abstract is available for this item.
[CITATION] 0.(1981)'The paradox of voting and candidate competition: a general equilibrium analysis.'
J Ledyard - Essays in Contemporary Fields of Economics, ed. …, 1984
J Arifovic… - Journal of Economic Behavior & Organization, 2011 - Elsevier
ABSTRACT: We are interested in how Groves–Ledyard mechanisms perform when used
repeatedly in a sequence of one-shot games where agents know only their own
preferences. In particular, how fast do the mechanisms converge to the stage game Nash ...
J Ledyard - 2006 - idei.fr
I have relied heavily on past collaborations with Ted Groves, Tom Palfrey and Marcus
Berliant. I acknowledge each in the appropriate section below. They are responsible for
aiding and abetting me in my research. They are not responsible for the ights of fantasy I ...
PJ Healy, JO Ledyard, C Noussair… - Experimental …, 2007 - Springer
Page 1. Exp Econ (2007) 10:143–167 DOI 10.1007/s10683-006-9137-x Contracting
inside an organization: An experimental study Paul J. Healy · John O. Ledyard ·
Charles Noussair · Harley Thronson · Peter Ulrich · Giulio Varsi ...
[CITATION] The economics of informational decentralization: Complexity, efficiency, and stability
JO Ledyard… - 1995 - Kluwer Academic Publishers
T Ishikida, J Ledyard, D Porter… - 1998 - markallenolson.com
While a number of economists have advocated the use of combinatorial (ie, complex
package and contingent bidding) market mechanisms (eg, Ledyard, Plott, Porter, Smith),
they have not been widely used. Arguments against such markets point to the ...
[CITATION] Simultaneous double oral auction markets
D Easly… - Public Choice Society Meetings, March, 1979
D Easley, J Ledyard - 1981 - execed.kellogg.northwestern.edu
One of the main justifications for the use of equilibrium models in economics is the argument
that there are forces at work in any economy which tend to drive the agents and their
decisions towards an equilibrium, if they are not at one already. Equilibrium models have ...
[CITATION] Simultaneous trading in two competitive markets: An experimental examination
A Williams, VL Smith… - Manuscript, Indiana Univ., Bloomington, 1986
JO Ledyard - The American Economic Review, 1968 - JSTOR
Page 1. RESOURCE ALLOCATION IN UNSELFISH ENVIRONMENTS* By JOHN 0.
LEDYARD Carnegie-Mellon University I. Introduction In this paper, the static and dynamic
properties of a single resource allocation mechanism are analyzed. ...
JO Ledyard - Econometrica: Journal of the Econometric Society, 1971 - JSTOR
Page 1. Econometrica, Vol. 39, No. 3 (May, 1971) A CONVERGENT PARETO-SATISFACTORY
NON-TATONNEMENT ADJUSTMENT PROCESS FOR A CLASS OF UNSELFISH EXCHANGE
ENVIRONMENTS BY JOHN 0. LEDYARD' The paper is partitioned into two parts. ...
MK Dudek, T Kim… - Working Papers, 1995 - econpapers.repec.org
By Maciej Konrad Dudek, Taesung Kim and John O. Ledyard;
First Best Bayesian Privatization Mechanisms.
[CITATION] Pure theory of two-candidate competition
J Ledyard - Public Choice, 1984
[CITATION] An analysis of the information and reporting requirements, market architectures, operational and regulatory issues, and derivative instruments for …
D Carlson, C Forman, C Plott, N Olmstead… - Report submitted to South …, 1993
Y Chen, K Takeuchi, N Kotzian… - University of …, 2005 - yanchen.people.si.umich.edu
Abstract We study two package auction mechanisms in the laboratory, a sealed bid Vickrey
auction and an ascending version of Vickrey called iBEA. Unlike the single-unit Vickrey
where bidders tend to overbid in the laboratory, most of our bidders either underbid or bid ...
PJ Healy, S Linardi,
JR Lowery… - Management …, 2010 - authors.library.caltech.edu
... Experimental results are similarly mixed: Bloomfield et al. (2009) observe lower informa- tional
efficiency in the presence of uninformed traders whereas Joel Grus and John Ledyard (see
Ledyard 2005) observe greater aggregation when an automated noise trader is present. ...
[CITATION] Information markets
M Abramowicz, JE Berg, R Hanson, JO Ledyard… - … , and Predictive Cost- …, 2006
J Arifovic… - 2009 - brl.rice.edu
Abstract The data from experiments with the Voluntary Contributions Mechanism suggest
four stylized facts. To date, no theory explains all of these facts simultaneously. We provide a
new theory by merging our Individual Evolutionary Learning model with a variation of ...
[CITATION] Journey through Russia and Siberia, 1787-1788: the journal and selected letters
J Ledyard - 1966 - University of Wisconsin Press
[CITATION] A characterization of organizations and environments which are consistent with preference revelation
J Ledyard - Center for Mathematical Studies in Economics and …, 1972
[CITATION] John Ledyard's journey through Russia and Siberia, 1787-1788: the journals and selected letters
J Ledyard - 1966 - University of Wisconsin Press
[CITATION] Alternatives to the Cournot hypothesis
J Ledyard - Summer Meeting of the Econometric Society, Boulder, …, 1978
JO Ledyard - The American Economic Review, 1986 - JSTOR
Page 1. Incentive Compatible Space Station Pricing By JOHN 0. LEDYARD* Space
Station, planned to be operational in the mid-1990's, provides an example of the
opportunities and difficulties associated with the development of space. ...
[CITATION] Political competition in a model of economic growth: an experimental study
R Boylan, J Ledyard,
A Lupia, RD McKelvey… - Laboratory Research in …, 1991
Y Chen, R Croson, J Kagel, J Ledyard… - Handbook of …, 1999 - Citeseer
The presence of public goods seriously challenges traditional or" natural" solutions for the
allocation of private goods. Important policy questions, of whether we can rely on the market
to provide optimal amounts of public goods such as air pollution, and how much we can ...
PJ Healy, JO Ledyard, S Linardi… - 2007 - betforgood.com
Page 1. Information Aggregation Mechanisms and Environmental Complexity Paul J. Healy
John O. Ledyard Sera Linardi J. Richard Lowery∗ March 23, 2007 Abstract We
experimentally test four different information aggregation mechanisms. ...
JO Ledyard… - Games and Economic Behavior, 1995 - Elsevier
Page 1. GAMES AND ECONOMIC BEHAVIOR 10, 1-5 (1995) INTRODUCTION John
O. Ledyard and Thomas R. Palfrey California Institute of Technology, Pasadena,
California 91125 This special issue of Games and Economic ...
[CITATION] VThe Paradox of Voting and Candidate Competition: A General Equilibrium Analysis, V in The Handbook of Experimental Economics, AL Roth and J. …
JO Ledyard - 1981 - Princeton, NJ: Princeton University …
T Groves… - Public Choice, 1977 - Springer
Page 1. Articles REPLY TO COMMENTS BY TIDEMAND AND TULLOCK AND
GREENBERG, MACKAY AND TIDEMAN ON SOME LIMITATIONS OF DEMAND
REVEALING PROCESSES Theodore Groves and John O. Ledyard'k ...
TM Stoenescu… - Decision and Control, 2006 45th …, 2006 - ieeexplore.ieee.org
Page 1. A Pricing Mechanism which Implements in Nash Equilibria a Rate Allocation
Problem in Networks Tudor M. Stoenescu and John O. Ledyard Abstract—We present
a pricing mechanism which imple- ments in Nash equilibria ...
J Ledyard - Working Papers, 2009 - Citeseer
Abstract I examine the impact of market design on the performance of a cap-and-trade
program for Individual Fishing Quotas. In equilibrium, neither the term of the quota, the
number of years for which it is valid, nor the method of initial allocation, granting or selling, ...
[CITATION] The Existence of an Equilibrium under an Optimal Public Goods Allocation Mechanism
T Groves… - 1975 - manuscript
M Anufriev, J Arifovic, J Ledyard… - Journal of Evolutionary …, 2010 - Springer
Abstract In this paper we explore how specific aspects of market transparency and agents'
behavior affect the efficiency of the market outcome. In particular, we are interested whether
learning behavior with and without information about actions of other participants ...
J Arifovic, J Ledyard… - 2008 - cs.sfu.ca
The Voluntary Contributions Mechanism (VCM) is often used to decide how much of a public
good to produce and how to fund it.*** equivalent to private provision of public goods*** The
VCM has also been widely used in economic experiments in the context of linear ...
[CITATION] Notes on a Theory of Price Formation and Exchange in Oral Auctions
D Easley… - Northwestern University, November, 1980
JO Ledyard - Discussion Papers, 1978 - ideas.repec.org
... Groves, Theodore & Ledyard, John O, 1977. "Optimal Allocation of Public Goods: A Solution to
the "Free Rider" Problem," Econometrica, Econometric Society, vol. 45(4), pages 783-809, May.
[Downloadable!] (restricted) Other versions: Theodore Groves & John Ledyard, 1976. ...
[CITATION] Theories of price formation in double oral auctions
D Easley… - The Double Auction Market: Institutions, Theories and …
JO Ledyard - Public Choice, 1986 - Springer
Page 1. Public Choice 50:93-103 (1986). © 1986 Martinus Nijhoff Publishers,
Dordrecht. Printed in the Netherlands. Elections and reputations A comment on
the papers of Coughlin and Ferejohn JOHN O. LEDYARD* While ...
[CITATION] Political Competition and a Model of Economic Growth: Some Experiemntal Results
R Boylan, JO Ledyard, A Lupia… - 1991 - Contemporary Laboratory Research …
[CITATION] The Results of Some Tests of Mechanism Designs for the Allocation and Pricing of Collections of Heterogeneous Items
JO Ledyard, D Porter, A Rangel… - 1996 - California Institute of Technology. …
[CITATION] Is there a problem with public good provision? California Institute of Technology
J Ledyard - 1990 - working paper
[CITATION] A Report to the Federal Communications Commission and to Tradewinds International, Inc.: Experimental Tests of Auction Software, Supporting Systems …
J Ledyard, C Plott… - PP Docket, 1994
[CITATION] An Analysis of the Information and Reporting Requirements, market Architectures, Operational and Regulatory Issue and Derivatory Instruments for …
D Carlson, C Forman, N Olmstead, J Ledyard… - 1993 - Technical Report, South Coast Air …
[CITATION] at Cairo, on his way towards the exploring the interior parts of Africa. 17 Jan. 1789
J Ledyard - EM
[CITATION] John Ledyard&s journey through Russia and Siberia, 1787-1788
J Ledyard… - 1966 - Univ. of Wisconsin Press
[CITATION] 0.," Space Station Pricing Options," JPL Economic Research Series No. 20, Pasadena
J Ledyard - 1984 - October
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