John O. Ledyard
Allen and Lenabelle Davis Professor of Economics and Social Sciences, Emeritus
A.B., Wabash College, 1963; M.S., Purdue University, 1965; Ph.D., 1967; D.Lit.h.c., Purdue
University. Professor, Caltech, 1985-2016; Davis Professor, 2002-16; Davis Professor, Emeritus, 2016-. Executive Officer for the Social
Sciences, 1989-92; Chair, Division of the Humanities and Social Sciences, 1992-2002.
Profile
John Ledyard has made fundamental contributions to game theory and its applications to economics and political science. His research on the theoretical foundations and applications of mechanism design has contributed greatly to our understanding of the roles of incentives and information in organizations, markets, and political systems. Ledyard was also the first to apply Bayesian games to political
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Research Summary
Economic Theory; Mechanism Design
Selected Awards
- Economic Theory Fellow, elected 2011
- Fellow of the American Academy of Arts and Sciences, elected 1999
- Fellow of Econometric Society, elected 1977
- Fellow of Public Choice Society, elected 2004
- Honorary PhD Degree, Purdue University and Indiana University, 1993
Caltech Affiliations
External Affiliations
- President, Public Choice Society, 1980–1982
- Nancy L. Schwartz Memorial Lecture, KGSM, Northwestern University, 2005
- Sherman Fairchild Scholar, Caltech, 1976–77
Featured News
Policy in Progress
January 04, 2024
There is a long tradition of HSS scholars—motivated by social, economic, and political problems and opportunities—conducting research that has an impact on public policy.
A Mingling of Computational and Economic Ideas
February 18, 2020
The flourishing field of computational economics was born in the spaces between disciplines.
The Science of Economics
Read more news
November 09, 2015
A newly developed suite of software helps researchers analyze some of the most complex markets ever studied in the lab.
Selected Publications
- Anufriev, Mikhail;Arifovic, Jasmina et al. (2022) The role of information in a continuous double auction: An experiment and learning modelJournal of Economic Dynamics and Control
- Asparouhova, Elena;Bossaerts, Peter et al. (2020) Price Formation in Multiple, Simultaneous Continuous Double Auctions, with Implications for Asset Pricing
- Oliveira, Angela C. M.;Salmon, Timothy C. et al. (2020) Introduction to the Symposium on Research on Social DilemmasEconomic Inquiry
- Arifovic, Jasmina;Ledyard, John O. (2018) Learning to alternateExperimental Economics
- Ledyard, John O. (2018) Design of Tradable Permit Programs under Imprecise Measurement
- Fine, Leslie;Goeree, Jacob K. et al. (2016) ACE: A Combinatorial Market Mechanism
- Berliant, Marcus;Ledyard, John O. (2014) Optimal Dynamic Nonlinear Income Taxes with No CommitmentJournal of Public Economic Theory
- Bossaerts, Peter;Frydman, Cary et al. (2014) The Speed of Information Revelation and Eventual Price Quality in Markets with Insiders: Comparing Two TheoriesReview of Finance
- Anufriev, Mikhail;Arifovic, Jasmina et al. (2013) Efficiency of continuous double auctions under individual evolutionary learning with full or limited informationJournal of Evolutionary Economics
- Arifovic, Jasmina;Ledyard, John (2012) Individual evolutionary learning, other-regarding preferences, and the voluntary contributions mechanismJournal of Public Economics
Working Papers
Click here to view Professor Ledyard's working papers.