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Market Design: Auctions and Matching Hardcover – Illustrated, 2 March 2018

by Guillaume Haeringer (Author)
4.8 out of 5 stars 16
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A broad overview of market mechanisms, with an emphasis on the interplay between theory and real-life applications; examples range from eBay auctions to school choice.This book offers an introduction to market design, providing students with a broad overview of issues related to the design and analysis of market mechanisms. It defines a market as a demand and a supply, without specifying a price system or mechanism. This allows the text to analyze a broad set of situations-including such unconventional markets as college admissions and organ donation-and forces readers to pay attention to details that might otherwise be overlooked. Students often complain that microeconomics is too abstract and disconnected from reality; the study of market design shows how theory can help solve existing, real-life problems. The book focuses on the interplay between theory and applications. To keep the text as accessible as possible, special effort has been made to minimize formal description of the models while emphasizing the intuitive, with detailed explanations and resolution of examples. Appendixes offer general reviews of elements of game theory and mechanism design that are related to the themes explored in the book, presenting the basic concepts with as many explanations and illustrations as possible.The book covers topics including the basics of simple auctions; eBay auctions; Vickrey-Clarke-Groves auctions; keyword auctions, with examples from Google and Facebook; spectrum auctions; financial markets, with discussions of treasury auctions and IPOs; trading on the stock market; the basic matching model; medical match; assignment problems; probabilistic assignments; school choice; course allocation, with examples from Harvard and Wharton; and kidney exchange.
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  1. Print length
    392 pages
  2. Language
    English
  3. Publisher
    MIT Press Academic
  4. Publication date
    2 March 2018
  5. Reading age
    18 years and up
  6. Dimensions
    18.57 x 2.26 x 23.65 cm
  7. ISBN-10
    0262037548
  8. ISBN-13
    978-0262037549
  9. See all details
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About the Author

Guillaume Haeringer is Professor of Economics at the Zicklin School of Business at Baruch College.

Product details

  • Publisher ‏ : ‎ MIT Press Academic; Illustrated edition (2 March 2018)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 392 pages
  • ISBN-10 ‏ : ‎ 0262037548
  • ISBN-13 ‏ : ‎ 978-0262037549
  • Reading age ‏ : ‎ 18 years and up
  • Dimensions ‏ : ‎ 18.57 x 2.26 x 23.65 cm
  • Customer Reviews:
    4.8 out of 5 stars 16

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Guillaume Haeringer

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4.8 out of 5 stars
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Carlos Maravall
5.0 out of 5 stars Perfect, immaculate condition
Reviewed in the United States on 17 October 2023
Verified Purchase
The book is new, not “as” new. Very grateful for this
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Roberto Z. Sarkisian
4.0 out of 5 stars Good introductory approach
Reviewed in Italy on 20 March 2021
Verified Purchase
I bought this book because of my interest in matching. It gives a good introductory approach to many topics, including random assignments, and some discussions on NMRP, kidney exchange and school choice. Great option for those who would like to start studying these topics. Still, Roth & Sotomayor remains the go-to book in the field.
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Paul Johnson
5.0 out of 5 stars Five Stars
Reviewed in the United States on 2 May 2018
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Comprehensive.
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