IE 449 Optimization and Algorithms in Economics
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The science of rule-making. Mechanism design basics. Auctions. Myerson's theorem. Algorithmic mechanism design. Revenue-maximizing auctions. Simple near-optimal auctions. Multi-parameter mechanism design. The VCG mechanism. Spectrum auctions. Kidney exchange and stable matching. Selfish routing and the price of anarchy.
Credit units: 3 ECTS Credit units: 5, Prerequisite:
IE 303.
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