Market Design

Advanced

Designing efficient marketplaces.

Full Definition

Designing efficient marketplaces.

Keywords

allocation systems

Domains

Agents & Autonomy

Related Terms

Coordination Failure related to

Agents fail to coordinate optimally.

 Emergent Competition related to

Competition arises without explicit design.

 Algorithmic Collusion related to

AI tacitly coordinating prices.

 Strategic Interaction related to

Decisions dependent on others’ actions.

 Pareto Optimality related to

No agent can improve without hurting another.

 Mechanism Design related to

Designing systems where rational agents behave as desired.

 Auction Mechanism related to

Rules governing auctions.

 Vickrey Auction related to

Truthful bidding is optimal strategy.

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