This course provides an overview on the theory of economic design. It covers the optimal bidding in a given auction format and the optimal de-sign of auctions from the auctioneer’s perspective. Moreover, it deals with allocation problems with-out money.
Topics to be covered include: Optimal bidding in standard auctions; the revenue-equivalence theorem; optimal auctions and mechanism design; interdependent values; matching mechanisms.
Recommended module or comparable previous knowledge: “Introduction to Advanced Microeconomic Analysis” or another course dealing with game theory with asymmetric information.
- Kursverantwortliche/r: Vincent Meisner
Semester: SoSe 2024