Market Design : A Linear Programming Approach to Auctions and Matching
Book Details
Format
Hardback or Cased Book
ISBN-10
1107173183
ISBN-13
9781107173187
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Dec 21st, 2017
Print length
292 Pages
Weight
672 grams
Dimensions
24.80 x 18.00 x 2.20 cms
Product Classification:
MicroeconomicsE-commerce: business aspectsAlgorithms & data structures
Ksh 11,250.00
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The digital economy led to many new services where supply is matched with demand. This book introduces the fundamentals of market design, an engineering field at the intersection of computer science, economics, information systems, and operations research concerned with the design of real-world markets.
The digital economy led to many new services where supply is matched with demand for various types of goods and services. More and more people and organizations are now in a position to design market rules that are being implemented in software. The design of markets is challenging as it needs to consider strategic behavior of market participants, psychological factors, and computational problems in order to implement the objectives of a designer. Market models in economics have not lost their importance, but the recent years have led to many new insights and principles for the design of markets, which are beyond traditional economic theory. This book introduces the fundamentals of market design, an engineering field concerned with the design of real-world markets.
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