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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