ECON 395 - Topics in Microeconomics and Microeconomic Policy
Section: 001 Auction Design
Term: WN 2010
Subject: Economics (ECON)
Department: LSA Economics
Credits:
1
Other:
Minicourse
Waitlist Capacity:
unlimited
Class Misc Info:
Meets 01/06/2010 – 03/11/2010 D/A deadline 01/26/10.
Enforced Prerequisites:
ECON 101 with a C or better.
Advisory Prerequisites:
ECON 102 (unless ECON 101 completed with B or higher).
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.

ECON 395 - Topics in Microeconomics and Microeconomic Policy
Schedule Listing
001 (LEC)
P
35943
Open
9
15UGRD & GRD
14Fr or So or Jr
-
 
Note: Meets Jan 8 - March 12 ONLY.
002 (LEC)
P
37747
Open
22
33UGRD & GRD
9Sr
-
 
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