Market Design

Description:
This course provides an overview on the theory of economic design. It covers the optimal bidding in a given auction format and the optimal design of auctions from the auctioneer’s perspective. Moreover, it deals with allocation problems without money. Topics to be covered include: Optimal bidding in standard auctions; the revenue-equivalence theorem; optimal auctions and mechanism design; interdependent values; matching mechanisms.

Literature:
Auction Theory : Krishna, Vijay
Market Design: Auctions and Matching: Haeringer, Guillaume

Time & venue:
Fridays, 14:00-18:00; HU Berlin, Spandauer Str. 1, room 220

Exam:
Written exam (90 min)

More information can be found on Moodle.