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 theory of linear algebra, optimization and statistics. 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. All students are automatically placed on the wait list, EPP and ESTP students will be given first priority to enroll in the course. You will be notified once you are enrolled.