Extraction and aggregation of information from large, dispersed data sets using the correct mix of incentives and computation

• Identify threats and opportunities hidden among lots of noise

New designs for markets

• FCC privatization - combinatorial auctions, peer to peer systems
• Information aggregation in elections, committees, and juries

Computational issues of market design

• What do users need to compute and what does the system need to compute
• What is feasible?

Distributed control and dynamics of markets

• Distributed (network) stability, security and fault tolerance
• Information aggregation, understanding price formation

Study evolving networked systems with independent actors (e.g., the internet).

• Tie-ins with the Lee Center

Incentives

• How do humans interact with technology and what does that say about the design of the technology? (internet protocol)
• Use of pricing systems to optimize distributed systems
• Design incentives for electric power networks and associated markets

• Network Equilibrium of Heterogeneous Congestion Control Protocols, Ao Tang, Jiantao Wang, Steven H. Low, Mung Chiang (pdf)
• Equilibrium and Fairness of Networks Shared by TCP Reno and
  Vegas/FAST, Ao Tang, Jiantao Wang, Sanjay Hegde, Steven H. Low (pdf)
• Diffusion in Complex Social Networks Dunia López-Pintado (pdf)
• Network Formation, Cost-sharing and Anti-coordination Dunia López-Pintado (pdf)

• Prices and Portfolio Choices in Financial Markets: Theory and Experiment, Peter Bossaerts, Charles Plott, William R. Zame (2005) (pdf)
• Learning Competititve Equilibrium in Laboratory Exchange Economies, Sean Crockett (pdf)
• Spontaneous Specialization and Exchange, Sean Crockett, Vernon Smith, and Bart Wilson (pdf)
• The Organization of Production, Consumption and Learning, UCLA Working Paper, Bryan Ellickson, Birgit Grodal, Suzanne Scotchmer and William R. Zameb (2003; 2005) (pdf)
• The Economics of Small Worlds, Matthew O. Jackson and Brian W. Rogers (pdf)
• Search in the Formation of Large Networks: How Random are Socially Generated Networks? Matthew O. Jackson and Brian W. Rogers (pdf)
• Ascending Auctions for Gradually Expiring Items, Ron Lavi and Noam Nisan (pdf)
• Single Value Combinatorial Auctions and Implementation in Undominated Strategies, Moshe Babaio, Ron Lavi, and Elan Pavlov (pdf)
• Network Equilibrium of Heterogeneous Congestion Control Protocols, IEEE Infocom, Miami, FL, March 2005, Ao Tang, Jiantao Wang, Steven H. Low and Mung Chiang (pdf)
• Cross-layer Optimization in TCP/IP Networks, IEEE/ACM Trans. on Networking, 2005, to appear (pdf)