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ECON 136: Market Design

Use of economic theory and analysis to design allocation mechanisms and market institutions. Course focuses on three areas: the design of matching algorithms to solve assignment problems, with applications to school choice, entry-level labor markets, and kidney exchanges; the design of auctions to solve general resource allocation problems, with applications to the sale of natural resources, financial assets, radio spectrum, and advertising; and the design of platforms and exchanges, with applications to internet markets. Emphasis on connecting economic theory to practical applications. Students must write term paper. Prerequisites: recommended: ECON 51 (Public Policy majors may take PUBLPOL 51 as a substitute for ECON 51).
Terms: Aut | Units: 5 | UG Reqs: WAY-FR | Grading: Letter or Credit/No Credit
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