CORDIS Project
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DUALMARKETS focuses on designing efficient marketplaces that account for participants' diverse preferences and income effects. The project aims to establish conditions for fair market-clearing prices and improve auction designs to enhance participant outcomes in various economic settings.
Market design uses economic theory to improve the function of real-world marketplaces, such as matching systems and auctions.
In many markets, participants trade goods which are indivisible and highly heterogeneous.
My focus is on settings in which participants also experience “income effects”.
Income effects arise when participants face budget constraints or when transactions substantially affect participants’ wealth.
Income effects are present in many important markets: from spectrum licenses…
THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD
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