Economics 258 - Applied Market Design

In 2012, the Nobel Memorial Prize in Economics Sciences was awarded to Alvin Roth and LloydShapley for their theoretical and practical work on the design of markets. This course providesan introduction to the field of market design, focusing on the functioning of specific marketsand market mechanisms. Applications include but are not limited to: auctions, kidney exchange,medical match, school choice, course allocation, and trading on the stock market. In addition,we will study the market design aspects of new technologies that facilitate new types of marketplaces,such as cryptocurrencies and taxi-ride platforms. Prerequisite: ECO 250 or permission ofthe instructor. (E)