LASTUPDATE3minsago-HereOptionsto DownloadingorReadBookofMarketDesign:
Auctions
andMatching(MitPress)
BY:GuillaumeHaeringer
(Author)thePDFonlineonServerAmazon,Reddit, Goodreads.
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Abroadoverviewofmarketmechanisms,withanemphasisonthe interplaybetweentheoryandreal-lifeapplications;examplesrange fromeBayauctionstoschoolchoice.Thisbookoffersanintroduction tomarketdesign,providingstudentswithabroadoverviewofissues relatedtothedesignandanalysisofmarketmechanisms.Itdefinesa marketasademandandasupply,withoutspecifyingapricesystemor mechanism.Thisallowsthetexttoanalyzeabroadsetofsituations— includingsuchunconventionalmarketsascollegeadmissionsandorgan donation—andforcesreaderstopayattentiontodetailsthatmight otherwisebeoverlooked.Studentsoftencomplainthatmicroeconomics istooabstractanddisconnectedfromreality;thestudyofmarketdesign
showshowtheorycanhelpsolveexisting,real-lifeproblems.Thebook focusesontheinterplaybetweentheoryandapplications.Tokeepthe textasaccessibleaspossible,specialefforthasbeenmadetominimize formaldescriptionofthemodelswhileemphasizingtheintuitive,with detailedexplanationsandresolutionofexamples.Appendixesoffer generalreviewsofelementsofgametheoryandmechanismdesignthat arerelatedtothethemesexploredinthebook,presentingthebasic conceptswithasmanyexplanationsandillustrationsaspossible. The bookcoverstopicsincludingthebasicsofsimpleauctions;eBay auctions;Vickrey–Clarke–Grovesauctions;keywordauctions,with examplesfromGoogleandFacebook;spectrumauctions;financial markets,withdiscussionsoftreasuryauctionsandIPOs;tradingonthe stockmarket;thebasicmatchingmodel;medicalmatch;assignment problems;probabilisticassignments;schoolchoice;courseallocation, withexamplesfromHarvardandWharton;andkidneyexchange. Read more