Market Design: Auctions and Matching Haeringer GuillaumePevná vazba
Market Design: Auctions and Matching Haeringer GuillaumePevná vazba A broad overview of market mechanisms, with an emphasis on the interplay between theory and real-life applications; examples range…
Specifikacia Market Design: Auctions and Matching Haeringer GuillaumePevná vazba
Market Design: Auctions and Matching Haeringer GuillaumePevná vazba
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. 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. It defines a market as a demand and a supply, without specifying a price system or mechanism.
The book focuses on the interplay between theory and 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.