Author Description
This handbook brings together the latest research on applied market design. It surveys matching markets: environments where there is a need to match large two-sided populations to one another, such as law clerks and judges or patients and kidney donors.
Menrva's Summary
THE THESIS
This handbook investigates the theoretical foundations and practical applications of market design in environments where traditional price mechanisms are absent or insufficient. Nir Vulkan, an expert in market design and economics, compiles contributions from leading researchers to analyze how matching algorithms and institutional rules can optimize outcomes in complex systems. The text provides a rigorous framework for understanding how to structure markets to improve efficiency and fairness in resource allocation.
THE SCOPE MAP
What You Will Find
- Analysis of matching markets including labor, education, and organ donation systems
- Theoretical models of two-sided matching and auction mechanisms
- Case studies on the implementation of market design in public policy
Scope Limits
- Does not cover general macroeconomic theory or broad financial market regulation
- Focuses primarily on matching and allocation rather than speculative trading environments
THE AUTHORITY PERSPECTIVE
Experts recognize this volume as a comprehensive reference for scholars and practitioners working within the field of mechanism design. Readers frequently note the academic density of the prose, which assumes a foundational understanding of game theory and microeconomics.
Page Count:
0
Publication Date:
2014-01-01
ISBN-10:
0191765953
ISBN-13:
9780191765957
Economics
Business
Market Design
Sampling statistics
Applied Mathematics
Supply and demand
MARKETS
Statistical matching
Game theory