Daniel R. Vincent, Professor, received his PhD in economics from Princeton University in 1987. He was a Rhodes Scholar and received an MA from Oxford and a BA in History from the University of Toronto. Before joining the University of Maryland, he taught at the University of Western Ontario, the Department of Managerial Economics and Decision Sciences at Northwestern University and at the California Institute of Technology.
His main area of research is the application of game theory to trading environments. He has studied dynamic bargaining with asymmetric information and the theory of auctions. His current research is on revenue maximizing selling mechanisms for sellers with more than one object - an area sometimes referred to as "multidimensional mechanism design." Other research interests include industrial organization theory, with a focus on two-sided markets and on antitrust issues. In 1999, he was a visiting scholar at the Antitrust Division of the U.S. Department of Justice.
Recent papers are “Dominant-strategy and Bayesian incentive compatibility in multi-object trading environments (with A. Manelli, Journal of Mathematical Economics, 2019) and “Platform competition with user rebates under no-surcharge rules (with Marius Schwartz in the Journal of Industrial Economics, forthcoming). Other papers are "Bayesian and dominant strategy implementation in the independent private values model" (with A. Manelli, Econometrica, 2010), "Multidimensional mechanism design" and "Bundling as an optimal selling mechanism for a multi-good monopolist" (both jointly authored with Alejandro Manelli and both in the Journal of Economic Theory) as well as "The No Surcharge Rule and Buyer Rebates: Vertical Control by a Payments Network" with Marius Schwartz in the Review of Network Economics.
Areas of Interest
- Application of Game Theory to Trading Environments
- Auction Theory
- Game Theory
- Antitrust Economics
- Two-sided Markets
Degrees
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Degree TypePhDDegree DetailsPrinceton University, 1987
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Degree TypeMADegree DetailsOxford University
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Degree TypeBADegree DetailsUniversity of Toronto
Course Name | Course Title | Semester | Syllabus |
---|---|---|---|
ECON414 | Game Theory | Fall 2024 | |
ECON703 | Advanced Microeconomics I | Fall 2024 | |
ECON414 | Game Theory | Fall 2023 | |
ECON703 | Advanced Microeconomics I | Fall 2023 | |
ECON414 | Game Theory | Spring 2023 | |
ECON414 | Game Theory | Fall 2022 | |
ECON703 | Advanced Microeconomics I | Fall 2022 | Syllabus |
ECON604 | Microeconomic Analysis II | Spring 2022 | |
ECON708 | Advanced Topics in Applied and Theoretical Microeconomics | Spring 2021 | |
ECON604 | Microeconomic Analysis II | Spring 2021 | |
ECON415 | Market Design | Spring 2021 |
Course Name | Course Title | Semester | Syllabus |
---|---|---|---|
ECON604 | Microeconomic Analysis II | Spring 2024 | |
ECON604 | Microeconomic Analysis II | Spring 2023 |
- Mixed Bundling and Imperfect Competition, , Working paper, May .
- Multi-Dimensional Mechanism Design: Revenue Maximization and the Multiple Good Monopoly: A Corrigendum, , Journal of Economic Theory 147(6 ), 2492-2493, November .
- Bayesian and Dominant Strategy Implementation in the Independent Private Values Model, , Econometrica 78(6 ), 1905-1938, November .
- Quantity ‘Forcing’ and Exclusion: Bundled Discounts and Non Linear Pricing., , Issues in Competition Law and Policy, April .
- Multi-Dimensional Mechanism Design: Revenue Maximization and the Multiple Good Monopoly, , Journal of Economic Theory 137(1 ), 153-185, November .
- Bundling as an Optimal Selling Mechanism for a Multiple-Good Monopolist, , Journal of Economic Theory 127(1 ), 1-35, March .
- The No Surcharge Rule and Buyer Rebates: Vertical Control by a Payments Networks, , Review of Network Economics 5(1 ), 72-102, January .
- Duality in Procurement Design, , Journal of Mathematical Economics 40(3 ), 411-428, June .
- How to Set Minimum Acceptable Bids with an Application to Real Estate Auctions, , Journal of Industrial Economics 50(4 ), 391-416, December .
- Optimal Timing of Procurement Decisions and Patent Allocations, , International Economic Review 43(4 ), 1035-1052, November .
- Tarrifying Auctions, , The RAND Journal of Economics
- Repeated Signalling Games and Dynamic Trading Relationships, , International Economic Review 39(2 ), 275-293, May .
- Sequentially Optimal Auctions, , Games and Economic Behavior 18(2 ), 246-276, February .
- Bidding off the Wall: Why Reserve Prices May Be Kept Secret., , Journal of Economic Theory 65(2 ), 575-584, April .
- Optimal Procurement Mechanisms, , Econometrica 63(3 ), 591-620, May .
- Collusive Bidding in Hostile Takeovers, , Journal of Economics and Management Strategy 2(4 ), 449-482, December .
- The Declining Price Anomaly, , Journal of Economic Theory 60(1 ), 191-212, June .
- Modelling Competitive Behavior, , Rand Journal of Economics 23(4 ), 590-599, December .
- Updating the Reserve Price in Common-Value Auctions, , American Economic Review Papers and Proceedings 82(2 ), 512-518, May .
- Delayed Agreements and Nonexpected Utility, , Games and Economic Behavior 3(4 ), 423-437, November .
- Dynamic Auctions, , Review of Economic Studies 57(1 ), 49-61, January .
- Bargaining With Common Values, , Journal of Economic Theory 48(1 ), 47-62, June .
Former Students
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Haiwen ZhouProfessor, Old Dominion University
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Niswan ErkalProfessor, University of Melbourne
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Kyeong Hoon KangKorea Institute of Finance
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Vesela GrozevaErnst and Young
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Adriana VamosiuProfessor, University of San Diego
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Heisnam SinghPrice Waterhouse Cooper
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Terence JohnsonUniversity of Notre Dame
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Shunjie TuFreddy Mac