Course Page

Market Design

Course Number:

73315


Faculty

Onur Kesten, okesten@andrew.cmu.edu


Program

Undergraduate Economics


Concentrations

B.A. in Economics, B.S. in Economics, B.S. in Economics and Statistics, B.S. in Economics and Mathematical Sciences, Additional Major in Economics, Additional Major in Economics and Statistics, Minor in Economics


Course Description

SPRING The market design class is going to cover three main subjects: matching, auctions, and, time allowing, marketplaces.     Matching topics may include:  Two-Sided Matching and Medical Residents  House Allocation and Kidney Exchange  School Choice  Law Clerks and College Early Admission  Auction/Marketplace topics may include:    Designing Optimal Auctions  Common Value Auctions  Multi-Unit Auctions and Treasury Auctions  Multi-Item Auctions and The Assignment Model  Sponsored Search Auctions  The FCC and Simultaneous Ascending Auctions  Package Auctions and Radio Spectrum  Introduction to the Economics of Platforms  Internet Platforms: e-Commerce  Internet Markets: Advertising    (Lecture, 3 hours). Minimum grade of "C" required in all economics pre-requisite courses.

Format

Lecture: 160min/wk


Textbook

Roth and Sotomayor, "Two-Sided Matching: A Study in Game Theoretic Modeling and Analysis", Cambridge University Press, 1992.; V. Krishna, "Auction Theory", Academic Press (2nd Edition), 2009.


Pre-requisites

None