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Keywords: market design
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Chapter
How Artificial Intelligence and Machine Learning Can Impact Market Design
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Paul R. Milgrom and Steven Tadelis
Published: 22 May 2019
... as an important tool that allows market designers to uncover important market fundamentals, and to better predict fluctuations that can cause friction in markets. Examples include retailers and marketplaces who mine vast amounts of data to identify patterns that help them increase the efficiency of their markets...
Chapter
Eternal Optimizers
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Daniel Scott Souleles
Published: 25 June 2024
... financial markets “market” saturation defined financial markets described by market engineers order books auction design exchanges financial markets design first in first out FIFO matching limit orders market orders matching “matching” servers NYSE Arca orders pro rata matching National...
Chapter
Published: 30 June 2014
... to the exercise of unilateral market power, seems higher than in other network industries. This chapter shows that electricity industry restructuring is an evolving process that requires market designers to choose between an imperfectly competitive market and an imperfect regulatory process to provide incentives...
Book
Whoosh Goes the Market: Algorithms, Automation, and Alienation
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Daniel Scott Souleles
Published online: 23 January 2025
Published in print: 25 June 2024
... to things that frustrate them about how financial markets currently operate. This book also contains chapters describing other market actors--traders in a machine learning driven trading firm, market designers, and technologists--and how these actors interact on markets with the core TradeCo team. Taken...
Chapter
Competition and Educational Productivity: Incentives Writ Large
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W. Bentley MacLeod and Miguel Urquiola
Published: 26 December 2013
... that illustrates this point and implies that elements of market design might be necessary to ensure that competition enhances educational performance. school competition and school choice voucher programs Chile Colombia India Pakistan schools private United States student learning China France Ghana...
Chapter
The Economics of Carbon Offsets
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James B. Bushnell and Ryan Sandler
Published: 27 September 2012
... problems, including two classic regulatory problems—moral hazard and adverse selection—and also considers the various policy tools which have been adopted to address the difficulties in offset market design. Ambrosi P Grubb M Lecoq F Clean Development Mechanism CDM Kyoto Treaty Offset markets adverse...
Chapter
Lessons from the California Electricity Crisis
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Frank A. Wolak
Published: 15 August 2005
... the possible causes of the electricity crisis in California in 2000. It argues against the belief that the crisis was caused by a combination of rising input costs, poor market design, and the exercise of market power and failed market oversight by state and federal regulators, and suggests that the crisis...
Book
Measuring and Modeling Health Care Costs
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Ana Aizcorbe (ed.) and others
Published online: 24 January 2019
Published in print: 05 March 2018
... pharmaceutical markets in detail, consider issues in industrial organization and market design, and conclude with chapters on the “benefit incidence” of US public spending on medical care and the relationship between medical R&D and health improvement....