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Auctions
Types
All-pay
Chinese
Amsterdam
Anglo-Dutch
Barter double
Best/not best
Brazilian
Calcutta
Candle
Click-box bidding
Combinatorial
Common value
Deferred-acceptance
Discriminatory price
Double
Dutch
English
Forward
French
Generalized first-price
Generalized second-price
Japanese
Knapsack
Multi-attribute
Multiunit
No-reserve
Rank
Reverse
Scottish
Sealed first-price
Simultaneous ascending
Single-price
Traffic light
Uniform price
Unique bid
Value of revenues
Vickrey
Vickrey–Clarke–Groves
Walrasian
Yankee
Bidding
Shading
Calor licitantis
Cancellation hunt
Jump
Rigging
Sniping
Suicide
Tacit collusion
Contexts
Algorithms
Autos
Art
Charity
Children
Players
Domain names
Flowers
Loans
Scam
Slaves
Spectrum
Stamps
Virginity
Wine
Wives
Theory
Digital goods
Price of anarchy
Revenue equivalence
Winner's curse
Online
Ebidding
Private electronic market
Software
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Market design is a practical methodology for creation of markets of certain properties, which is partially based on mechanism design.[1] In some markets, prices may be used to induce the desired outcomes — these markets are the study of auction theory. In other markets, prices may not be used — these markets are the study of matching theory.[2]
In his 2008, Nemmers Prize lecture, Market Design and Stanford University economist Paul Milgrom commented on the interdisciplinary nature of market design: "Market design is a kind of economic engineering, utilizing laboratory research, game theory, algorithms, simulations, and more. Its challenges inspire us to rethink longstanding fundamentals of economic theory."[2] Milgrom is, along with fellow Stanford economist Al Roth, one of the founders of modern Market Design.
^Roth, Alvin E.; Wilson, Robert B. (Summer 2019). "How Market Design Emerged from Game Theory: A Mutual Interview". Journal of Economic Perspectives. 33 (3): 118–143. doi:10.1257/jep.33.3.118. ISSN 0895-3309.
^ abMilgrom Nemmers Prize Presentation Slides, 2008 Archived 2014-02-20 at the Wayback Machine
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