Market Design

A Linear Programming Approach to Auctions and Matching

Nonfiction, Computers, General Computing, Programming, Business & Finance
Cover of the book Market Design by Martin Bichler, Cambridge University Press
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Author: Martin Bichler ISBN: 9781316800249
Publisher: Cambridge University Press Publication: December 21, 2017
Imprint: Cambridge University Press Language: English
Author: Martin Bichler
ISBN: 9781316800249
Publisher: Cambridge University Press
Publication: December 21, 2017
Imprint: Cambridge University Press
Language: English

The digital economy led to many new services where supply is matched with demand for various types of goods and services. More and more people and organizations are now in a position to design market rules that are being implemented in software. The design of markets is challenging as it needs to consider strategic behavior of market participants, psychological factors, and computational problems in order to implement the objectives of a designer. Market models in economics have not lost their importance, but the recent years have led to many new insights and principles for the design of markets, which are beyond traditional economic theory. This book introduces the fundamentals of market design, an engineering field concerned with the design of real-world markets.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The digital economy led to many new services where supply is matched with demand for various types of goods and services. More and more people and organizations are now in a position to design market rules that are being implemented in software. The design of markets is challenging as it needs to consider strategic behavior of market participants, psychological factors, and computational problems in order to implement the objectives of a designer. Market models in economics have not lost their importance, but the recent years have led to many new insights and principles for the design of markets, which are beyond traditional economic theory. This book introduces the fundamentals of market design, an engineering field concerned with the design of real-world markets.

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