Market Design: Auctions and Matching - Rilegato

Haeringer, Guillaume

Rilegato

ISBN 10: 0262037548 ISBN 13: 9780262037549

Casa editrice: The MIT Press, 2018

Riassunto

A broad overview of market mechanisms, with an emphasis on the interplay between theory and real-life applications; examples range from eBay auctions to school choice.

This book offers an introduction to market design, providing students with a broad overview of issues related to the design and analysis of market mechanisms. It defines a market as a demand and a supply, without specifying a price system or mechanism. This allows the text to analyze a broad set of situations—including such unconventional markets as college admissions and organ donation—and forces readers to pay attention to details that might otherwise be overlooked. Students often complain that microeconomics is too abstract and disconnected from reality; the study of market design shows how theory can help solve existing, real-life problems. The book focuses on the interplay between theory and applications. To keep the text as accessible as possible, special effort has been made to minimize formal description of the models while emphasizing the intuitive, with detailed explanations and resolution of examples. Appendixes offer general reviews of elements of game theory and mechanism design that are related to the themes explored in the book, presenting the basic concepts with as many explanations and illustrations as possible.

The book covers topics including the basics of simple auctions; eBay auctions; Vickrey–Clarke–Groves auctions; keyword auctions, with examples from Google and Facebook; spectrum auctions; financial markets, with discussions of treasury auctions and IPOs; trading on the stock market; the basic matching model; medical match; assignment problems; probabilistic assignments; school choice; course allocation, with examples from Harvard and Wharton; and kidney exchange.

Su questo libro

Informazioni sull?autore

Guillaume Haeringer is Professor of Economics at the Zicklin School of Business at Baruch College.

Dettagli dell'edizione

• Editore: The MIT Press
• Data di pubblicazione: 2018
• Lingua: Inglese
• ISBN 10: 0262037548
• ISBN 13: 9780262037549
• Rilegatura: Copertina rigida
• Numero di pagine: 392
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile