Economists often look at markets as given, and try to make predictions about who will do what and what will happen in these markets Market design, by contrast, does not take markets as given; instead, it combines insights from economic and game theory together with common sense and lessons learned from empirical work and experimental analysis to aid in the design and implementation of actual markets In recent years the field has grown dramatically, partially becauseof the successful wave of spectrum auctions in the US and in Europe, which have been designed by a number of prominent economists, and partially because of the increase use of the Internet as the platform over which markets are designed and run There is now a large number of applications and agrowing theoretical literature. The Handbook of Market Design brings together the latest research from leading experts to provide a comprehensive description of applied market design over the last two decades In particular, it surveys matching markets: environments where there is a need to match large two-sided populations to one another, such as medical residents and hospitals, law clerks and judges, or patients and kidney donors It also examines a number of applications related to electronic markets, e-commerce, and theeffect of the Internet on competition between exchangesHis research focuses on the intersection corporate law, firm governance and financial economics. He holds a bachelora#39;s degree from UC San Diego, a PhD in economics from Stanford, and a JD also from Stanford, where he was articles editoranbsp;...
|Title||:||The Handbook of Market Design|
|Author||:||Nir Vulkan, Alvin E. Roth, Zvika Neeman|
|Publisher||:||OUP Oxford - 2013-08-22|