Monday, August 31, 2009

Market design courses this Fall at Harvard and MIT

In a sign that market design is taking root, there are four relevant courses being offered this Fall along the banks of the Charles. (Some are planned for the Spring as well, Susan Athey will offer one at Harvard and Tayfun Sonmez will offer another at Boston College) . The Fall offerings I know of are the following.

Hanna Halaburda at HBS will teach “Economics and Strategy for Market Intermediaries and Two-Sided Platforms” (Wednesdays, 9-noon).
The main topics of the course are market intermediaries, two-sided markets, and the impact of network effects on the competitive environment. The course will combine formal economic analysis --- using theoretical models --- with case study discussions focusing on strategic considerations that companies in two-sided markets face (e.g. in on-line dating market or e-commerce).

David Parkes in SEAS will lead a seminar, CS 286r: Topics at the Interface between Computer Science and Economics Assignment, Matching and Dymamics
Monday, Wednesday 1-2.30 PM "Recent years have seen an explosion of computer-mediated markets, exchanges, and mechanisms for assignment and production. Problems of preference elicitation and optimization are coupled with concerns for incentive compatibility so that participantscannot manipulate the outcome of a mechanism in their favor. Related challenges include promoting appropriate levels of effort by participants in competition platforms, and preventing transaction failure by unreputable participants in peer production systems. Example domains span from sponsored search, to auction platforms such as eBay, to competition platforms such as TopCoder, to matching programs for medical residents and high schools, to kidney exchanges (without money)." He writes "economists are very welcome ..."

Parag Pathak at MIT will teach Topics in Game Theory, MW4-5.30 (BEGINS OCT 26) (E51-385) He writes "the course will cover advanced topics in matching, auction theory and mechanism design, with an emphasis towards areas of recent research."

Peter Coles and I will be teaching Market Design.
Economics 2056a/HBS 4150
Littauer Center M-16 Meeting Time: F., 9-12 (First meeting Friday, Sept 4)
The course "Deals with the theory and practice of market design, with prominent examples drawn from auctions, labor markets, school choice, and kidney exchange. " Here is the Syllabus, Fall 2009 (still a work in progress).

This course has been evolving since I first taught it with Paul Milgrom, and then with Estelle Cantillon. Some alumni of the course (some of whom took it as undergrads) who are presently active in market design and/or matching are Muriel Niederle, John Asker, Nicole Immorlica, Mohammad Mahdian, Michael Ostrovsky, Parag Pathak, Fuhito Kojima, Robin Lee, Mihai Manea, and Eric Budish.

1 comment:

Monty said...

Really, very interesting text & business analysis. You have a nice blog. Keep it up!