In black box evaluation and optimization, Latin hypercube designs play an important role. When dealing with multiple black box functions, the need often arises to construct designs for all black boxes jointly, instead of individually. These so-called nested designs consist of two different...

This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs. Traders exit the market at a constant rate, inducing search costs (frictions). All price offers are made by sellers. Despite the fact that sellers have all the bargaining power...