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Program on Market Design

The Program on Market Design promotes research into the structure and operation of different kinds of markets. Market Design scholars have studied the mechanisms for distributing a wide array of resources, ranging from electric power and slots on the radio spectrum to public school assignments and jobs for doctors. Researchers look at what makes markets efficient and how policymakers can help them function better. Program scholars have special expertise in two market systems: auctions, in which prices are set by competitive bidding; and matching markets, such as those for jobs and schools, in which two sides are brought together based on hard-to-measure factors such as quality and skill in addition to cost. Market Design scholars have served as advisors in setting up advanced auction and matching market operations that take advantage of emerging electronic technologies.

Director(s): 
Paul's portrait
Senior Fellow @ Stanford Institute for Economic Policy Research (SIEPR) , Shirley R. and Leonard W. Ely Jr. Professor of Humanities and Sciences @ Stanford School of Humanities and Science , Professor of Economics (by courtesy) @ Stanford Graduate School of Business (GSB)
Muriel's portrait
Senior Fellow @ Stanford Institute for Economic Policy Research (SIEPR) , Professor of Economics @ Department of Economics

Current Sponsored Projects

Recent Publications

There are currently no listed publications for this program