Spring 2023 - ECON 434 D100
Seminar in Applied Market Design (3)
Class Number: 3311
Delivery Method: In Person
Introduces students to market design. There is a strong emphasis on applications and empirical perspectives of market design. The objective of the course is to give students an understanding of the core concepts of market design and to illustrate how econometrics can be used to combine data with micro theory. Students with credit for ECON 483 under the title Applied Market Design may not take this course for further credit.
Market design is an area of studying the rules that guide transactions and resource allocations in the marketplace. Applications include matching markets (marriage market, school assignment, kidney exchange), auction markets, and so on. This course will focus on the empirical perspective of market design and illustrate how econometrics can be used to combine data with micro theory.
There will be assigned readings each week. Each week, two or three students will present the assigned reading and lead a discussion. The final exam will cover the theory and the empirical analysis in the seminar.
Topics: Introduction to Market Design, One-to-One Matching (e.g., Marriage Market), Many-to-One Matching (e.g., School Assignment), House Allocation and Kidney Exchange, Labor Markets, Internet Markets.
No. A set of papers will be posted on Canvas.
Roth, Alvin E. Who Gets What—and Why: The New Economics of Matchmaking and Market Design. Houghton Mifflin Harcourt, 2015.
Nir Vulkan, Alvin E. Roth, and Zvika Neeman. The Handbook of Market Design, Oxford University Press, 2015.
REQUIRED READING NOTES:
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Department Undergraduate Notes:
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