CORDIS Project
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This research program explores why real-world contracts are simpler than theoretical models in microeconomics. It aims to develop a new framework for market design and contract theory that incorporates behavioral insights and simplicity in economic mechanisms.
Why are actual contracts and market mechanisms often simpler than our theoretical predictions?
This is a central puzzle in microeconomics and, in many environments, it constrains our ability to rely on economic models.
It raises further fundamental questions:
What does it mean that a contract or a mechanism is simple?
How to compare the simplicity of various contracts, mechanisms, and games?
The proposed research program aims to address these questions and provide a new behaviorally- grounded fo…
UNIVERSITAT ZURICH
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