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 de-sign of auctions from the auc-tioneer’s perspective. Moreover, it deals with allocation problems with-out 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 21A
Exam:
Written exam (90 min)
More information can be found on Moodle.
