New Directions in Market Design
University of Chicago Press (Verlag)
978-0-226-84659-0 (ISBN)
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In the mid-1990s, the first Federal Communications Commission spectrum auction and the redesign of the National Residency Matching Program collectively helped to jumpstart the field of market design. Since then, extensive research has improved auction design and broken new conceptual ground in addressing multi-agent matching problems. This volume summarizes key discoveries and advances in market design over the past three decades and explores contemporary challenges—from climate policy and electricity markets to AI-mediated exchanges and hospital resource allocation.
Contributors examine how to design efficient, incentive-compatible mechanisms that are robust to shifting conditions and increasing complexity. They consider a wide variety of applications that could benefit from the market design viewpoint, such as environmental markets, school choice, and organ exchange. Together, the chapters illustrate the important interactions between economic theory, computational tools, and institutional insight.
Irene Lo is assistant professor of management science and engineering at Stanford University. Michael Ostrovsky is the Fred H. Merrill Professor of Economics at Stanford Graduate School of Business and a research associate of the NBER. Parag A. Pathak is the Class of 1922 Professor of Economics at the Massachusetts Institute of Technology, where he is also the founder and director of Blueprint Labs, and a research associate of the NBER.
Introduction
Irene Yuan Lo, Michael Ostrovsky, and Parag A. Pathak
1. Market Design and Maintenance
Alvin E. Roth
2. Market Design for the Environment
Estelle Cantillon and Aurélie Slechten
3. Market Design for Surface Water
Billy A. Ferguson and Paul Milgrom
4. Market Shaping to Combat Climate Change
William Arnesen and Rachel Glennerster
5. Challenges in Designing Electricity Spot Markets
Mete Şeref Ahunbay, Martin Bichler, and Johannes Knörr
6. Artificial Intelligence and Market Design: Lessons Learned from Radio Spectrum Reallocation
Kevin Leyton-Brown, Paul Milgrom, Neil Newman, and Ilya Segal
7. Influencing Policy and Transforming Institutions: Lessons from Kidney/Liver Exchange
Tayfun Sönmez and M. Utku Ünver
8. Matching Hospital Resources with Patients in Need
Fanyin Zheng
9. The Provision of Information and Incentives in School Assignment Mechanisms
Derek Neal and Joseph Root
Author Index
Subject Index
| Erscheint lt. Verlag | 11.2.2026 |
|---|---|
| Reihe/Serie | National Bureau of Economic Research Conference Report |
| Zusatzinfo | 5 halftones, 12 line drawings, 3 tables |
| Sprache | englisch |
| Maße | 152 x 229 mm |
| Gewicht | 454 g |
| Themenwelt | Wirtschaft ► Allgemeines / Lexika |
| Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie | |
| ISBN-10 | 0-226-84659-8 / 0226846598 |
| ISBN-13 | 978-0-226-84659-0 / 9780226846590 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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