Review of Market Design

Abstract

Nowadays, supply has to be matched with demand for various types of goods and services. For designing real-world markets, the study of market design becomes essential, which is the focus of this book. The book comprises four parts and consists of twelve chapters. A brief introductory chapter provides an outline of the book. The first part focuses on microeconomic fundamentals. The second part is on multi-object auction design. The third part looks at approximation and matching markets. The fourth part has appendices on linear optimization, and algorithms and complexity At the end of the book, there are references to the literature and a helpful index. Many chapters include questions for comprehension and problems for practice. The book is intended to be a textbook for a single semester course on market design. The prerequisites for the book include familiarity with linear programming, integer linear programming, rudimentary calculus and probability theory. The intended audience comprises students with backgrounds in computer science, information systems, mathematics, and management science. The book is available in hardcover and eBook formats. The ISBN/price are 9781107173187 / US $ 64.99 and 9781316805350 / US $ 52 for the hardback and eBook respectively.