properties of markets without transaction costs, namely strategyproofness, efficiency, and robustness to misspecified beliefs and … fundamentally alter incentives and welfare in markets in which the price equates supply and demand. We categorize transaction costs …Transaction costs are omnipresent in markets yet are often omitted in economic models. We show that their presence can …

-of these markets. Allowing for general fee structures, we show that their impact on incentives and efficiency in large Double …Fees are omnipresent in markets but, with few exceptions, are omitted in economic models-such as Double Auctions …-ask spread fees). Double Auctions with homogeneous fees share the key advantages of Double Auctions without fees: markets with …

-of these markets. Allowing for general fee structures, we show that their impact on incentives and efficiency in large Double …Fees are omnipresent in markets but, with few exceptions, are omitted in economic models-such as Double Auctions …-ask spread fees). Double Auctions with homogeneous fees share the key advantages of Double Auctions without fees: markets with …

—of these markets. Allowing for general fee structures, we show that their impact on incentives and efficiency in large Double …Fees are omnipresent in markets but, with few exceptions, are omitted in economic models—such as Double Auctions …-ask spread fees). Double Auctions with homogeneous fees share the key advantages of Double Auctions without fees: markets with …

's available actions. Principals demand robustness and evaluate contracts on a worst-case basis. This robust approach allows for a … common agency by constructing a pseudo-potential for the game. Robust contracts make explicit how the efficiency of the …

's available actions. Principals demand robustness and evaluate contracts on a worst-case basis. This robust approach allows for a … common agency by constructing a pseudo-potential for the game. Robust contracts make explicit how the efficiency of the …

the MPW rule is the unique rule satisfying \textit{strategy-proofness}, \textit{efficiency}, \textit …

class of rules satisfying the properties, and find the tension between minimal properties of efficiency, fairness, and …