Simplicity and Market Design

Research project funded under the European Union's Horizon 2020 research and innovation program of the European Research Council (ERC)

1. Perctual Imprecision and Simplicity

Rava Azeredo da Silveira, Yeji Sung, and Michael Woodford (2024). Optimally Imprecise Memory and Biased Forecasts. American Economic Review 114(10), 3075–3118. 

Trang-Anh E. Nghiema, Jenny L. Wittenc, Oscar Dufoura, Wolf M. Harmeningc, and Rava Azeredo da Silveira (2025). Fixational eye movements as active sensation for high visual acuity. Proceedings of the National Academy of Sciences of the United States of America 122 (6) e2416266122. 

Nischal Mainali, Rava Azeredo da Silveira, and Yoram Burak (2025). Universal statistics of hippocampal place fields across species and dimensionalities. Neuron 113(7), 1110-1120.

Simone Blanco Malerba, Mirko Pieropan, Yoram Burak, and Rava Azeredo da Silveira (2025). Random compressed coding with neurons. Cell Reports 44(3115412).  

Kristof Madarasz and Marek Pycia (2025). Cost over Content: Information Choice in Trade. 

Abstract in the Proceedings of the 6th Symposium on Foundations of Responsible Computing (FORC 2025). 

2. Simplicity: Definitions, Comparisons, Characterizations

Marek Pycia and Peter Troyan (2023). A Theory of Simplicity in Games and Mechanism Design. Econometrica 91(4), 1495-1526.

Marek Pycia and Utku Unver (2025). Ordinal Simplicity in Discrete Mechanism Design. Forthcoming at the International Economic Review.

Marek Pycia and Peter Troyan (2024). The Random Priority Mechanism is Uniquely Simple, Efficient, and Fair. 

Revision requested by Econometrica.

Marek Pycia and Peter Troyan (2023). Obviously Strategyproof Mechanisms in General Environments. 

Marek Pycia and Peter Troyan (2023). Strategy-proof, Efficient, and Fair Allocation: Beyond Random Priority.

3. Simplicity Tradeoffs and Applications

Marek Pycia and Kyle Woodward (2025). A Case for Pay-as-Bid Auctions. Forthcoming at the Journal of Political Economy.

Rod Garratt and Marek Pycia (2023). Efficient Bilateral Trade. 

Marek Pycia and Kyle Woodward (2023). Pollution Permits: Efficiency by Design.

Byeong-hyeon Jeong and Marek Pycia (2025). The First-Price Principle of Maximizing Economic Objectives. 

Simon Jantschgi, Heinrich Nax, Bary Pradelski, and Marek Pycia (2024). Double Auctions and Transaction Costs.

One-paragraph abstract published in the Proceedings of the ACM Conference on Economics and Computation EC'22.

Simon Jantschgi, Heinrich Nax, Bary Pradelski, and Marek Pycia (2025). Foundations of Double Auctions from Theory and Practice.

Byeong-hyeon Jeong and Junrok Park (2025). Optimality of Two-tier Quotas in Selection.