This module aims at providing students an introduction to theoretical and empirical fundamentals of market design. Students learn how to analyse various aspects of economic interaction and how to carefully interpret scientific insights in this field. Therefore required handling of theoretical models is practiced in the lecture. After taking this module students should be able to apply the methodical instruments to a specific issue of market design in practice to achieve a scientifically sound statement.
The lecture provides an introduction to the
theoretical fundamentals of market design and the methodology of
experimental economics. We discuss how theoretical and experimental
analysis engage with each other – for example in price formation of
auctions or organisation of markets. By means of particular case
examples we show how political and economic consulting can profit from
comprehensive analysis.
- Lehrende(r): Holger Rau