{"id":1185,"date":"2013-11-19T09:32:38","date_gmt":"2013-11-19T17:32:38","guid":{"rendered":"https:\/\/blogschapman.wpenginepowered.com\/business\/2013\/11\/19\/the-ifreeesi-lecture-series-presents-william-gates-ph-d-mechanism-design-for-military-force-management\/"},"modified":"2013-11-19T09:32:38","modified_gmt":"2013-11-19T17:32:38","slug":"the-ifreeesi-lecture-series-presents-william-gates-ph-d-mechanism-design-for-military-force-management","status":"publish","type":"post","link":"https:\/\/blogs.chapman.edu\/business\/2013\/11\/19\/the-ifreeesi-lecture-series-presents-william-gates-ph-d-mechanism-design-for-military-force-management\/","title":{"rendered":"The IFREE\/ESI Lecture Series Presents William Gates, Ph.D. \u2013 \u201cMechanism Design for Military Force Management \u201d"},"content":{"rendered":"<p><a href=\"http:\/\/vimeo.com\/chapmanuniversity\/review\/78581887\/0f86db4358\">Watch lecture<\/a><\/p>\n<p><strong>Abstract:<\/strong> All elements of the defense department\u2019s budget face scrutiny as military funding decreases. Military compensation is an attractive target because it represents approximately one third of the defense budget. Our research examines mechanisms to improve several areas of military compensation, particularly emphasizing retention, separation, and assignment incentives.<\/p>\n<p><a href=\"http:\/\/www.chapman.edu\/research-and-institutions\/economic-science-institute\/_files\/lectures\/cram-workingpaper-13oct2013.pdf\">This paper<\/a> proposes a reverse uniform price retention auction, called the Combinatorial Retention Auction Mechanism (CRAM), that integrates cash bonuses and non-monetary incentives (NMIs) into a single cost parameter, retains the lowest cost employees, and provides retained employees with compensation equal to the cost of the first excluded employee. We describe the optimal bidding strategy, and show that CRAM reduces total cost and increases total social welfare compared to a benchmark monetary retention auction. Because CRAM and the benchmark may retain different employees, we describe for which employees and under what conditions utility may increase or decrease under CRAM.<\/p>\n<p><strong>Bio:<\/strong>\u00a0 William (Bill) Gates was appointed Dean of the Graduate School of Business and Public Policy (GSBPP) at the Naval Postgraduate School (NPS) in February 2009.\u00a0 A graduate of Yale University (Ph.D.) and UC San Diego, Dean Gates has been an economics professor in GSBPP since 1988. He was an economist at the Jet Propulsion Laboratory before joining NPS. He has received teaching excellence awards from GSBPP, NPS, and Monterey County.\u00a0 Dean Gates\u2019 research focuses on mechanism design for military manpower and acquisition applications. Past research involved policy analysis, cost-benefit analysis, burden-sharing in defense alliances, and government R&amp;D and technology policy.<\/p>\n<p>For more information on the IFREE\/ESI Lecture Series,\u00a0<a href=\"http:\/\/www.chapman.edu\/research-and-institutions\/economic-science-institute\/news-events\/lectures.aspx\">please visit our website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watch lecture Abstract: All elements of the defense department\u2019s budget face scrutiny as military funding decreases. Military compensation is an [&hellip;]<\/p>\n","protected":false},"author":258,"featured_media":7200,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"custom_author_name":"","chapman_pin_hero_slider":"","footnotes":""},"categories":[40],"tags":[102,100],"class_list":["post-1185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esi","tag-economic-science-institute","tag-ifreeesi-lecture-series"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Argyros College of Business and Economics | Chapman Blogs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.chapman.edu\/business\/2013\/11\/19\/the-ifreeesi-lecture-series-presents-william-gates-ph-d-mechanism-design-for-military-force-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The IFREE\/ESI Lecture Series Presents William Gates, Ph.D. \u2013 \u201cMechanism Design for Military Force Management \u201d - Argyros College of Business and Economics\" \/>\n<meta property=\"og:description\" content=\"Watch lecture Abstract: All elements of the defense department\u2019s budget face scrutiny as military funding decreases. 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