Mechanism Design and Market Institutions
Research fieldOrganizations and Markets
DatesPeriod 1 - Sep 04, 2023 to Oct 27, 2023
Mechanism design concerns establishing institutional rules that maximize the designer’s objective under the constraint that the involved parties or individuals possess private information and may take private actions in their own interests.
1. Introduction, auctions
2. Revenue maximizing mechanisms, bidding rings
3. Efficient mechanisms, bilateral trade, public goods
4. Non-monetary mechanisms
5. New developments
6. Student presentations
7. Student presentations
- Matthews, S.A. (1995). A technical primer on auction theory I: Independent private values. Center for Mathematical Studies in Economics and Management Science, Northwestern University.
- Selected papers.