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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

Market Design Working Group Meeting

 

May 15-16, 2009

 

Susan Athey and Parag Pathak, Organizers

 

Royal Sonesta Hotel

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

PROGRAM

 

Friday, May 15:

 

Riverfront Room

 

8:30 am            Continental Breakfast

 

Procurement

 

9:00 am            Patrick Bajari, University of Minnesota and NBER

Gregory Lewis, Harvard University and NBER

                        Procurement Contracting with Time Incentives:  Theory and Evidence

 

                        Francesco Decarolis, University of Chicago

When the Highest Bidder Loses the Auction:  Theory and Evidence from Public Procurement

 

Discussant:  Ken Hendricks, University of Texas at Austin

 

10:30 am          Coffee Break

 

Information and Disclosure

 

10:45 am          Michael Ostrovsky, Stanford University

                        Information Aggregation in Dynamic Markets with Strategic Traders

 

Luis Rayo, University of Chicago

Ilya Segal, Stanford University

Optimal Information Disclosure

 

Discussant:  Yeon-Koo Che, Columbia University

 

12:15 pm         Lunch – University BC

 

Competition and Markets

 

1:30 pm            Estelle Cantillon, ECARES

Pai-Ling Yin, MIT

Competition between Exchanges:  Lessons from the Battle of the Bund

 

Itay Fainmesser, Harvard University

Community Structure and Market Outcomes:  Towards a Theory of Repeated Games in Networks

 

Discussant:  Attila Ambrus, Harvard University and NBER

 

3:00 pm           Coffee Break

 

Dynamics

 

3:15 pm            Maher Said, Yale University

                        Auctions with Dynamic Populations:  Efficiency and Revenue Maximization

 

Alex Gershkov and Paul Schweinzer, University of Bonn

                        When Queueing is Better than Push and Shove

 

                        Discussant:  Dirk Bergemann, Yale University

 

4:45 pm            Adjourn

 

6:00 pm            Group Dinner

                        Dante Restaurant at the Royal Sonesta Hotel

                       

 

Saturday, May 16:

 

Skyline Room

 

8:15 am            Continental Breakfast

 

Spectrum Auctions

 

8:45 am            Peter Cramton, University of Maryland

                        Spectrum Auction Design

 

                        Jeremy Bulow and Jonathan Levin, Stanford University and NBER

                        Paul Milgrom, Stanford University

                        Winning Play in Spectrum Auctions

 

                        Discussant:  Alvin Roth, Harvard University and NBER

 

10:15 am          Coffee Break

 

Multi-Unit Allocation

 

10:30 am          Eric Budish, Harvard University

The Combinatorial Assignment Problem:  Approximate Competitive Equilibrium from Equal Incomes

 

                        John Kagel, Ohio State University

                        Yuanchuan Lien, California Institute of Technology

Paul Milgrom, Stanford University

                        Ascending Prices and Package Bidding:  A Theoretical and Experimental Analysis

 

                        Discussant:  Tayfun Sonmez, Boston College

 

12:00 pm          Lunch - University BC

 

12:30 pm          Lunch Talk:  Market Design for Troubled Assets

 

                        Lawrence Ausubel and Peter Cramton, University of Maryland

                        A Troubled Asset Reverse Auction and A Two-Sided Auction for Legacy Loans

 

 

Discussion:  Information, Targeting and Advertising

 

1:30 pm            Susan Athey, Harvard University and NBER

                        Benjamin Edelman, Harvard University

                        David Pennock, Yahoo Research

                        Michael Schwarz, Yahoo Research and NBER

                       

3:45 pm            Adjourn

 

 

 

 

 

5/7/09