Notable Works in Mechanism Design

SCRF is crowd-sourcing a list of key readings in each forum category to point readers to notable works and foundational research. Please comment in this thread with links to seminal research that could form part of an introductory graduate seminar in this category.

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## [Category Name]

### [Full Paper Title]

- **Source:** <[Link]>
- **Authors:** [Author 1, Author 2, etc.]
- **Description:** [One sentence description of the work]
- **Relevance:** [Once sentence explaining the special relevance of this work]
- **Citation:** [Citation and abstract in plaintext]
- **Tags:** [Relevant forum tags, if any]

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Mechanism Design Theory

  • Source: https://www.nobelprize.org/uploads/2018/06/advanced-economicsciences2007.pdf
  • Authors: Prize Committee of the Royal Swedish Academy of Sciences
  • Description: In 2007 Leonid Hurwicz, Eric Maskin, and Roger Myson were jointly awarded the Nobel Prize in Economic Sciences for their advancement of mechanism design theory.
  • Relevance: This paper delves into their works and discusses applications of the theories presented. It is a good foundation to gather other literature from regarding the evolution of mechanism design.

Mechanism Theory

  • Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2542983
  • Authors: Matthew O. Jackson
  • Description: Different applications of mechanism design are presented, primarily using Dominant Strategy and Bayesian mechanism designs.
  • Relevance: Provides a mathematical basis and proofs for different types of mechanisms.

Market Structure in Bitcoin Mining

Credible Neutrality as a Guiding Principle

  • Source: Credible Neutrality As A Guiding Principle 1
  • Authors: Vitalik Buterin
  • Description: Defines the concept of credible neutrality for a protocol.
  • Relevance: Provides an important framework for mechanism designers to qualitatively evaluate their protocols. Spawned other such principles such as governance minimization.

Combinatorial Information Market Design

  • Source: https://link.springer.com/article/10.1023/A:1022058209073
  • Authors: Robin Hanson
  • Description: Introduces the Logarithmic Market Scoring Rule (LMSR)
  • Relevance: LMSR provides a foundation for other market valuation models such as the “constant product automated market maker” utilized by Uniswap.
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