Guest lecturers: Tuomas Sandholm, School of Computer Science, Carnegie Mellon University, Peter Cramton, Economics Department, University of Maryland, Paul J. Healy, Economics Department, Ohio State University, S. N. Muthu Muthukrishnan, Computer Science Department, Rutgers University, Estelle Cantillon, ECARES, Université Libre de Bruxelles
Market design has much to learn from success stories like Amazon and eBay, online advertising, labour markets for medical interns and residents, wireless spectrum auction design, expressive auctions for sourcing, and mobile phone banking in the developing world. Market designers can also learn from disasters such as the California energy market of May 2000 through September 2001 and the credit-default swap market freeze in September 2008.
Market design is a multi-disciplinary problem with relevant expertise coming from economic theory, computer science, and operations research. Advances are made with the right combination of theory and pragmatics, with theoretical ideals balanced against requirements for computational and informational efficiency, as well as simplicity and robustness.
- artificial intelligence and multi-agent systems
- experimental economics
- mechanism design theory
- prediction markets
- theoretical computer science
- two-sided platforms
- matching markets
- double auction markets
- virtual economies
- combinatorial auctions
Students participating in this Summer School will gain an up-to-date overview of the relevant theory, current evidence on what sorts of market formats work well under various conditions, and pragmatic issues that arise when theoretical paradigms meet real-world challenges.
In addition to overview lectures in the mornings, the school will feature intensive seminar-style discussions in the afternoons of participants’ research.
The Trento Summer Schools are intended for advanced graduate students and post-doctoral scholars in economics, computer science and operations research. People interested in participating in the Summer School are encouraged to apply by submitting a curriculum vitae, a two-page essay describing their interest in Market Design, a course transcript from their PhD program, including advanced examinations passed, two letters of recommendation, and statements about their current or projected research, along with relevant research papers, if any.
Program Directors: Axel Leijonhufvud, UCLA and University of Trento and Enrico Zaninotto, University of Trento
Co-Directors of the School:Guest Lecturers:
Dan Friedman, Economics Department, Santa Cruz University CA
David Parkes, School of Engineering and Applied Sciences, Harvard University
Tuomas Sandholm, School of Computer Science, Carnegie Mellon University,
Peter Cramton, Economics Department, University of Maryland,
Paul J. Healy, Economics Department, Ohio State University,
S. N. Muthu Muthukrishnan, Computer Science Department, Rutgers University,
Estelle Cantillon, ECARES, Université Libre de Bruxelles
Laboratory Director: Luigi Mittone, University of Trento
Lab Technical Assistant: Marco Tecilla, University of Trento
Summer School Secretary: email@example.com
The course is offered by the Cognitive and Experimental Economics Laboratory CEEL of the University of Trento with the financial support of John S. Latsis Public Benefit Foundation, an Athens-based Foundation supporting public benefit activities in Greece and abroad: www.latsis-foundation.org.