Home

Many problems in Operations Research and the Management Sciences are concerned with the allocation of scarce resources. In a networked economy, such problems typically involve multiple decision makers. Economic mechanisms such as auctions and matching markets are being used to solve distributed resource allocation problems, and the theory and practice in this field has been strongly influenced by techniques from Operations Research and the Management Sciences. The field is referred to as market design with multi-object auctions and matching markets as primary applications of interest. Market design is concerned with the design of real-world markets, and it considers the properties of alternative mechanisms, in terms of efficiency, fairness, incentives, and complexity. It brings together theoretical, empirical, and experimental methods, with an aim of studying relevant tradeoffs for policy makers or managers.

Blogs

Latest Discussions

MOST ACTIVE MEMBERS

  • Andrew Hall
    Andrew Hall
    318 Points
  • photo not available
    Aaron Taylor
    190 Points
  • photo not available
    Hyeong Suk Na
    179 Points