Theory of Market Design

Catalog description

How can we use economic theory to better design economic markets? This course studies various theoretical models that help understand important design features in many real-world markets. Topics include market entry, pricing, search, auctions, matching, reputation, and peer-to-peer platform design. We will develop theoretical “case studies” of several real-world markets (egs. eBay, Airbnb, Google advertising, Uber, Tinder, TaskRabbit). Prerequisites: ECON 1110 or ECON 1130 . While ECON 1870 is not a prerequisite, you may benefit from familiarity with this course material.