Economists have developed a deep and rich theory for understanding the evolution and operation of markets, as well as a bounty of empirical methodologies and practical solutions pertaining to particular settings. Computer scientists have developed the powerful "algorithmic way of thinking," which has become a key enabler of the sciences in this century, just as mathematics was in the last. Sophisticated algorithms, such as the stable matching algorithm, maximum matching algorithms, and algorithms for budgeted auctions, have been applied to centralized labor markets, auctions, financial exchanges, the allocation of public goods, etc. However, in the past, this progress proceeded with limited direct interaction between economists and computer scientists.
In recent years, a vibrant IT ecosystem together with the en-masse relocation of our most important activities to online platforms has given birth to enormously influential and innovative online market structures, including online retail markets, ad auctions, short-term housing markets such as AirBnB, online labor markets such as Uber and Upwork, markets for virtual currencies such as Bitcoin and Ethereum, and markets for online dating such as OK Cupid and Match.com. These new applications require a truly interdisciplinary approach to market design. New algorithms include the specification of information available to consumers and feedback across time in dynamic mechanisms, in addition to the rules governing the aggregation of users’ responses. These new components suggest a new strategic environment, where fairness, transparency, and welfare are clear objectives.
As these markets occupy a rapidly increasing fraction of our economy, the time is ripe for bringing together market-design scholars from economics and computer science under the same roof for an extended period of time to address these challenges. This six-week long program has been designed to accomplish precisely that.
sympa [at] lists [dot] simons [dot] berkeley [dot] edu (body: subscribe%20market2019announcements%40lists.simons.berkeley.edu) (Click here to subscribe to our announcements email list for this program).
List of participants (including organizers): Itai Ashlagi (Stanford University), Sid Banerjee (Cornell University), Francis Bloch (Paris School of Economics), Simina Brânzei (Purdue University), Caterina Calsamiglia (University of Pompeu Fabra), Gabrielle Demange (Paris School of Economics), Nikhil R. Devanur (Microsoft Research), Federico Echenique (California Institute of Technology), Jugal Garg (University of Illinois at Urbana Champaign), Nicole Immorlica (Microsoft Research), Yash Kanoria (Columbia University), Anna Karlin (University of Washington), Bettina Klaus (University of Lausanne), SangMok Lee (Washington University in St. Louis), Jacob Leshno (University of Chicago), Irene Lo (Stanford University), Vahideh Manshadi (Yale University), Aranyak Mehta (Google), Seffi Naor (Technion – Israel Institute of Technology), Afshin Nikzad (UC Berkeley), Daniela Saban (Stanford University), Philipp Strack (UC Berkeley), Steve Tadelis (UC Berkeley), Alex Teytelboym (Oxford University), Vijay Vazirani (UC Irvine), Adam Wierman (California Institute of Technology), Yi Xin (Caltech), Leeat Yariv (Princeton University)
Nick Arnosti (Columbia University), Laura Doval (Caltech), Kira Goldner (University of Washington), Irene Lo (Stanford University), Tung Mai (UC Irvine)
Those interested in participating in this program should send email to the organizers market2019 [at] lists [dot] simons [dot] berkeley [dot] edu (at this address).