![Vincent P. Crawford Will Deliver PER Distinguished Lecture](https://sites.asit.columbia.edu/econdept/wp-content/uploads/sites/18/2018/04/20170419-jy-schwartz-0156-521x675.jpg)
Vincent P. Crawford Will Deliver PER Distinguished Lecture
Professor Vincent P. Crawford revisits Roger Myerson and Mark Satterthwaite’s (1983; “MS”) analysis of mechanism design for bilateral trading, replacing equilibrium with a non-equilibrium “level-k” model that predicts initial responses to games, and focusing on direct mechanisms.