First Economist to Receive SBIR Funds

On January 1, I apparently became the first economist ever to be awarded funds under the Small Business Innovative Research (SBIR) program of the National Science Foundation. I am principal investigator for Auctionomics on a proposal entitled “Incorporating Bidder Budgets in Multi-Item Auctions.” Bidder budgets are important in practice, but normally excluded from the messages communicated by bidders to the auctioneer during the course of an auction. Auctionomics is developing technology to make appropriate use of budget messages.

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