Objective
As more and more economic activity is moving to the Internet, familiar economic mechanisms are being deployed
at unprecedented scales of size, speed, and complexity. In many cases this new complexity becomes the defining
feature of the deployed economic mechanism and the quantitative difference becomes a key qualitative one.
A well-studied example of such situations is how the humble single-item auction suddenly becomes a
billion-times repeated online ad auction, or even becomes a combinatorial auction with exponentially
many possible outcomes. Similar complexity explosions occur with various markets, with information
dissemination, with pricing structures, and with many other economic mechanisms.
The aim of this proposal is to study the role and implications of such complexity and to start
developing a coherent economic theory that can handle it. We aim to identify various measures of
complexity that are crucial bottlenecks and study them. Examples of such complexities include the
amount of access to data, the length of the description of a mechanism, its communication requirements,
the cognitive complexity required from users, and, of course, the associated computational complexity.
On one hand we will attempt finding ways of effectively dealing with complexity when it is needed, and on
the other hand, attempt avoiding complexity, when possible, replacing it with ``simple'' alternatives
without incurring too large of a loss.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
ERC-ADG - Advanced Grant
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2016-ADG
See all projects funded under this callHost institution
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
91904 JERUSALEM
Israel
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.