ECON 395 - Topics in Microeconomics and Microeconomic Policy
Winter 2014, Section 001 - Auction Design
Instruction Mode: Section 001 is (see other Sections below)
Subject: Economics (ECON)
Department: LSA Economics
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Details

Credits:
1
Other:
Minicourse
Waitlist Capacity:
unlimited
Class Misc Info:
Meets Wednesday, January 08, 2014-Tuesday, April 22, 2014. (Drop/Add deadline=Tuesday, January 28, 2014.).
Enforced Prerequisites:
ECON 101 (completed with a minimum grade of 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:

Description

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.

Schedule

ECON 395 - Topics in Microeconomics and Microeconomic Policy
Schedule Listing
001 (LEC)
 In Person
20527
Open
9
 
-
Th 8:30AM - 10:00AM
003 (LEC)
 In Person
32173
Open
144
 
-
TuTh 8:30AM - 10:00AM

Textbooks/Other Materials

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Syllabi

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