ECON 395 - Topics in Economics and Economic Policy
Section: 001 Auction Design
Term: WN 2008
Subject: Economics (ECON)
Department: LSA Economics
Waitlist Capacity:
Class Misc Info:
Meets Jan 3 - March 13 ONLY. (Drop/Add deadline=Jan. 23.).
Advisory Prerequisites:
ECON 101 and 102.
May be repeated for a maximum of 6 credit(s). May be elected more than once in the same term.
Primary Instructor:

The theory of games is providing greater and greater insights for economists into the complex problem of how to design market institutions. An area where game theory has proved especially useful is in the design of auction mechanisms. The auction is becoming increasingly useful in modern commerce, having been applied to environments as diverse as the IPO market, the sale of online advertising space, allocation of tradable emissions permits, procurement of franchises, allocation of permits to use broadcast frequencies as well as the ubiquitous eBay. We will examine some of the theoretical ideas that explain the usefulness of auctions in these environments, and explore some of the complex design problems that market makers face when designing a new auction.

For textbook information, please visit the ECON Textbook Information Website. Information will be posted for each class as soon as it is available.

ECON 395 - Topics in Economics and Economic Policy
Schedule Listing
001 (LEC)
Th 9:00AM - 11:00AM
Note: Meets Jan 3 - March 13 ONLY.
002 (SEM)
TuTh 4:00PM - 5:30PM
Note: Meets Jan 3-31 ONLY. Enrollment is by Permission of Instructor ONLY.
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