Abstract: This session will discuss how the standard mechanism design paradigm should be modified (and sometimes has already been so) to incorporate the notion of transaction costs. We will take stock of some advances in this direction and point at a few promising alleys that remain to be explored.

Bio: David Martimort holds a position as a Directeur d’Etudes at Ecole des Hautes Etudes en Sciences Sociales and is Professor at Paris School of Economics. He holds a PHD from Toulouse University under the supervision of Jean-Jacques Laffont. He is a specialist in Incentives Theory and its applications. He coauthored with Jean-Jacques Laffont the reference textbook on the topic ("The Theory of Incentives," 2002, Princeton University Press). His research spans a broad area from Industrial economics to Development Economics, Political Economy and Public Economics, with a special emphasis on regulatory and public governance issues. He has published widely in best economic journals, Econometrica, Review of Economic Studies, Journal of Economic Theory, The Rand Journal of Economics, Theoretical Economics et le Journal of Public Economics. He is Fellow from the Econometric Society and European Economic Association since 2005. David Martimort has also served as an Editor or is on the boards of several important journals among which Rand Journal of Economics, Journal of Economic Theory, Econometrica, Theoretical Economics. He has delivered several invited lectures in important international conferences and workshops.