Auction theory and applied mechanism design are two of the most real-world useful corners of theoretical economics. Multiunit and combinatorial mechanisms are c

Auction theory and applied mechanism design are two of the most real-world useful corners of theoretical economics. Multiunit and combinatorial mechanisms are core to ad markets and sponsored search, smart power grids, logistics, commerce, manufacturing, telecommunication - the list goes on. The economic gains that they drive every year are in the hundreds of billions. It's worth noting that Preston McAfee, Paul Milgrom, and Robert Wilson shared the 2014 Golden Goose Award [1] for one of the earliest and most impactful commercial applications of applied auction theory: wireless spectrum licensing. Milgrom's Putting Auction Theory to Work [2] is an excellent introduction to this world. PS: OneChronos (YC 16) [3] is working on bringing these mechanisms to capital markets. It's an incredibly challenging but rewarding problem that spans deeply theoretical and applied problems. We're always hiring top academic and engineering talent regardless of your background. [1] https://www.goldengooseaward.org/01awardees/auction-design https://www.goldengooseaward.org/01awardees/auction-design [2] https://www.google.com/books/edition/Putting_Auction_Theory_to_Work/AkeHTU7XW4kC?hl=en https://www.google.com/books/edition/Putting_Auction_Theory_... [3] https://www.onechronos.com https://www.onechronos.com