Project Outline
The recent development of market design has allowed us to design institutions for various resource allocation problems. Relative to its great potential, however, the number of successful practical applications of market design remains limited because a highly versatile general theory has not been established and a rigorous evaluation of policy effects is often unavailable.
This project aims to address these issues. We pursue a unified theory of resource allocation that integrates insights from traditional economics and market design. We develop a cycle that puts the theory into practice and then feeds the empirical evidence back into the theory. And through this process, we seek to establish a broadly applicable theory of market design and engineering methods for implementing scientifically designed institutions.
Research Groups
Five groups, including researchers in economics, computer science, discrete mathematics, operations research, and data science, collaborate to advance our research.
