CORDIS Project
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This interdisciplinary project focuses on optimizing resource allocation in various sectors, including e-commerce and government auctions. By applying concepts from computer science and economics, the research aims to develop mechanisms that prevent market failures and enhance social welfare.
E-commerce, modern-day government auctions, the sharing economy – these all have in common the optimization of resource allocation through the combination of economics and computation.
This trend holds enormous socio-economic opportunity: for example, it allows online auctions, personalized advertising that supports the internet ecosystem, government repacking of radio spectrum to support growing communication needs, and flexible pricing that reflects true demand.
It also poses an enormous chall…
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