Monday, October 13, 2014

Market design at Stanford, Fall 2014 (current course materials)

The URL of the Stanford course on market design that I'm teaching with Muriel Niederle this quarter is too long to fit into the heading of this blog, but here it is if you'd like to see our class materials, which are the slides presented so far: 

F14-ECON-285-01 - Matching and Market Design

Course Information
Term:FALL 2014
Instructor(s):Muriel Niederle, Alvin Roth
Long Description

F14-ECON-285-01 This is an introduction to market design, intended mainly for second year PhD students in economics (but also open to other graduates students from around the university and to undergrads who have taken undergrad market design). It will emphasize the combined use of economic theory, experiments and empirical analysis to analyze and engineer market rules and institutions. In this first quarter we will pay particular attention to matching markets, which are those in which price doesn't do all of the work, and which include some kind of application or selection process. In recent years market designers have participated in the design and implementation of a number of marketplaces, and the course will emphasize the relation between theory and practice, for example in the design of labor market clearinghouses for American doctors, and school choice programs in a growing number of American cities (including New York and Boston), and the allocation of organs for transplantation. Various forms of market failure will also be discussed. Assignment: One final paper. The objective of the final paper is to study an existing market or an environment with a potential role for a market, describe the relevant market design questions, and evaluate how the current market design works and/or propose improvements on the current design.

Update: I hadn't realized that you need a Stanford login to get to the course page, and I haven't figured out a way around that...:(

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