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Topics in Market Design
Technology and New Market
This course is (mainly) for doctoral students who are well-grounded in microeconomics, market design, game theory, and statistics and are interested in pursuing research in areas with a heavy emphasis on understanding and using theory.
Technology development always creates new markets. In particular, the recent development of information technology has created a number of useful services and markets, such as cryptocurrency, smart contract, ride-sharing, crowdsourcing, crowdfunding, data intermediary, recommender system, etc. These markets have very different structures from the traditional markets which traditional economics studies in the last century. This course aims to study the structure of new markets and make a policy suggestion for a new market design or desirable regulation.
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