Special Topics: Market Engineering and Applications

Catalog description

An introduction to market-engineering concepts and applications to contemporary market-design problems such as resource allocation, information aggregation, and decentralized control. Concepts apply the theory of linear algebra, optimization and statistics. Course reservations for Seniors and Juniors with permission. Application areas include: - energy systems, - environmental management (e.g., cap-and-trade systems), - wildlife management (e.g., fishing licenses), - oil-development leases, - exchanges for organ transplants, - information markets, and - matching systems for medical-residency programs.