ECON 395 - Topics in Economics and Economic Policy
Section: 001 Auction Design
Term: WN 2009
Subject: Economics (ECON)
Department: LSA Economics
Credits:
1
Other:
Minicourse
Waitlist Capacity:
unlimited
Class Misc Info:
Meets 1/8/09-3/18/09. (Drop/Add deadline=1/27/09.).
Advisory Prerequisites:
ECON 101 and 102.
Repeatability:
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)
P
23866
Open
14
9Sr
13Fr or So or Jr
40UGRD & GRD
-
Th 8:30AM - 10:00AM
Note: Meets Jan 8 - March 12 ONLY.
002 (LEC)
P
25064
Open
9
50UGRD & GRD
3Fr or So or Jr
6Sr
-
MW 8:30AM - 10:00AM
NOTE: Data maintained by department in Wolverine Access. If no textbooks are listed below, check with the department.


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