Allen and Lenabelle Davis Professor of Economics and Social Sciences

CV Publications Contact


A.B., Wabash College (Mathematics) 1963
M.S., Purdue University (Economics) 1965
Ph.D., Purdue University (Economics) 1967


Instructor, Wabash College, 1965-1966
Assistant Professor, Carnegie-Mellon University, 1967-1970
Research Associate, Northwestern University, 1969
Assistant Professor, Northwestern University, 1970-1971
Associate Professor, Northwestern University, 1971-1975
Professor, Northwestern University, 1975-1982
Sherman Fairchild Distinguished Scholar, California Institute of Technology, 1977-1978
Associate Dean, College of Arts and Sciences, Northwestern University, 1982-1983
Sydney G. Harris Professor of Social Science, Northwestern University, 1983-1985
Visiting Professor, California Institute of Technology, 1983-1984
Professor of Economics and Social Sciences, California Institute of Technology, 1985-
Chairman, Division of the Humanities and Social Sciences, Caltech, 1992-2002
Allen and Lenabelle Davis Professor of Economics and Social Sciences, 2002 -
Director, Social and Information Sciences Laboratory, Caltech 2006 –
Director, Interactive Political and Economic Systems (IPES), Caltech 2006 -


Economic Theory Fellow, elected 2011
Fellow of the American Academy of Arts and Sciences, elected 1999
Fellow of Econometric Society, elected 1977
Fellow of Public Choice Society, elected 2004
Honorary Ph.D. Degree, Purdue University and Indiana University, 1993
President, Public Choice Society, 1980-1982
Executive Committee, Economic Science Association, 1986-88
Nancy L. Schwartz Memorial Lecture, KGSM, Northwestern University, 2005
Ida Beam Lecture, University of Iowa, 1988
Hooker Distinguished Visiting Professor, McMaster University, 1995-96
Sherman Fairchild Scholar, Caltech, 1976-77
The Annual Koc University Prize for the Best Paper of the Year 1996 in Economic Design with Charles Noussair and David Porter for “The Allocation of a Shared Resource Within an Organization,” Economic Design, Vol. 2, No. 2, November 1996, pp. 163-192.
Associate Editor, Journal of Economic Theory, 1977-1980
Associate Editor, Journal of Economic Behavior and Organization, 1987-95
Editorial Board, Economic Theory, 1989-2001
Associate Editor, Economic Design, 1994-2006
Editor, Review of Economic Design, 2006-
Associate Editor, Journal of Public Economic Theory, 1999-
Advisory Panel on Economics, National Science Foundation, 1978-1980
Executive Committee of the Advisory Committee for Social and Economic Science, National Science Foundation, 1980
Program Committee, World Congress of the Econometric Society, 1980
Chairman, Program Committee, North American Meeting of the Econometric Society, December 1981
National Academy of Sciences, Panel to Advise on National Science Fellowships, 1985
Economics Program Oversight Committee, National Science Foundation, 1989


The Economics of Informational Decentralization:  Complexity, Efficiency and Stability, editor, Kluwer Academic Publishers, 1995.

Click here for PUBLICATIONS


C1. “A Pricing Mechanism which Implements a Network Rate Allocation Problem in Nash Equilibria”, with T. Stoenescu, Proceedings of the 45th IEEE conference on Decision and Control, 2006
Also as  “Implementation in Nash Equilibria of a Rate Allocation Problem in Networks”, with T, Stoenescu, Proceedings of the 44th Annual Allerton Conference on Communication Control and Computing, 2006

C2. “Optimal Combinatoric Auctions with Single-Minded Bidders” 8th ACM conference on Electronic Commerce, 2007


P1  “Information Mechanisms” a presentation for the Schwartz Lecture April 2005


W2. "Individual Evolutionary Learning, Other-regarding Preferences, and the Voluntary Contributions Mechanism"

W3. “Market Design for Fishery IFQ Programs”

W5. Price Formation In Continuous Double Auctions; With Implications For Finance, with Peter Bossaerts

W6  “Neurometrically Informed Mechanism Design” with Ian Krajbich, Colin Camerer, Antonio Rangel

  1. W7  “Residential Demand Response Program Design: Engineering and Economic Perspectives”
  2. with Johanna L. Mathieu, Tobias and  Goran Andersson, 2013 submitted to EEM2013


A.  “Decentralized Disequilibrium Trading and Price Formation.” Discussion Paper No. 86. The Center for Mathematical Studies in Economics and Management Science, Northwestern University, June 1974.

B.  “On the Incentive Problem with Public Goods,” with John Roberts. Discussion Paper No. 116. The Center for Mathematical Studies in Economics and Management Science, Northwestern University, January 1975.

C.  “The Allocation of Public Goods with Sealed-Bid Auctions: Some Preliminary Evaluations.” Discussion Paper No. 336. The Center for Mathematical Studies in Economics and Management Science, Northwestern University, September, 1978.

D.  “Space Station Pricing Options.” Economic Research Series No. 20, Jet Propulsion Laboratory, Pasadena, October 1984.

E.  “Pricing, Evolution, and Design Planning of Space Station under Uncertainty,” with J. Banks and D. Porter. Economic Research Series No. 22, Jet Propulsion Laboratory, Pasadena, August 1985.

F.  “An Analysis and Recommendation for the Terms of the RECLAIM Trading Credit,” with Dale Carlson, Charles Forman, Nancy Olmstead, Charles Plott, David Porter, and Anne Sholtz.  South Coast Air Quality Management District, April 1993.

G. “An Analysis of the Information and Reporting Requirements, Market Architectures, Operational and Regulatory Issues, and Derivative Instruments for RECLAIM,” with Dale Carlson, Charles Forman, Nancy Olmstead, Charles Plott, David Porter and Anne Sholtz.  South Coast Air Quality Management District, July 1993.

H.  “First Best Bayesian Privatization Mechanisms,” with Maciej K. Dudek and Taesung Kim.  Social Science Working Paper No. 896, California Institute of Technology, Pasadena, rev. April 1995.

I.  “Modeling the Space Craft Design Process,” with Sandra Richardson, Dillard University, August 1999.

J    “Contracting Between a Retailer and a Supplier,” with V. Bali, S. Callander, and K. Chen, September 2001.

K   “Information Markets” Schwartz Lecture, April 2005

L “Optimal Combinatoric Auctions with Single-Minded Bidders” (with experimental results)


M        “Buy back Auctions” with Ted Groves

N         “Project Management Mechanisms” with JPL

RECENT PHD STUDENTS (current location)

2012    Luke Boosey (Florida State)
            Guilherme de Freitas
2011    Mohammed Mostigir (MIT)
2010    Sera Linardi (Pittsburgh)
            Julian Romero (Purdue)
2009    Serkan Kucuksenl (Turkey)
            Guido Maretto (Belgium)
2008    David Young (EPRI)
2005    PJ Healy (Ohio State University)
1999    Leslie Fine (Crowdcast)
1998    Anthony Kwasnica  (Penn State)
1996    Robin Hanson (George Mason University)
1995    Szilvia Papai (Concordia)
1994    Yan Chen  (University of Michigan)
            Katya Sherstyuk  (University of Hawaii)
1993    Kay-yut Chen (Hewlett-Packard Labs)
            Charles Polk
1992    Charles Noussair
1991    Mark Olson
1990    Guofu Tan (University of Southern California)


Printable version of CV
Updated: December 2012

© 2013 John O. Ledyard, All rights are reserved.