DSS
Decision Sciences & Systems
Technical University of Munich
 

Prof. Martin Bichler

Lecture WS 15/16

Auction Theory and Market Design (IN2211)

 

Intended Learning outcomes:

The field of market design studies how to construct rules for allocating resources or to structure successful marketplaces. It draws on the tools of game theory and mechanism design to identify why certain market rules or institutions succeed and why others fail. The field has become popular in the recent years with many applications in the sale of spectrum licenses, electricity markets, or the assignment of students to courses. 

After participating in the course, the participants understand methods and game-theoretical models of auctions as well as the fundamental problems in the design of combinatorial auctions. They are able to assess the properties of different auction formats, and the results of theoretical and experimental analyses.

Prerequisites:

Students should be familiar with linear and integer optimization. The lecture on algorithmic game theory provides complementary concepts in game theory and related issues in complexity theory.

Syllabus:

      • 13.10. 09:00 - 14:00: An introduction to game theory

      • 20.10. 09:00 - 14:00: Game theory and mechanism design

      • 27.10. 09:00 - 14:00: Single-item auctions

      • 17.11. 09:00 - 14:00: Combinatorial auctions

      • 24.11. 09:00 - 14:00: Assignment markets

      • 1.12. 09:00 - 14:00: Iterative combinatorial auctions

      • 8.12. 09:00 - 14:00: Combinatorial clock auctions

      • 15.12. 09:00 - 14:00: Approximation mechanisms

      • Final exam - Date: 21.12.2015 / Hour: 18:15 – 19:45 / Room: 102, Interims Hörsaal 2 (5620.01.102)

           

Organisation:

      • Schedule: each day starts with a lecture which lasts at most 3.5 hours and ends with a tutorial providing exercises.
      • Location: classes take place every Tuesday at the MI building, Garching, Room 01.10.011.
      • Slides: will be made available before each class in the eLearning plattform MOODLE.
      • Grading is based on a final exam. Students can collect additional bonus points for summaries provided at the beginning of each class.
      • Registration: register in TUMonline starting August 15 til September 30. You do not register in MOODLE separately.

Literature:

Contact:

  • Prof. Dr. Bichler
    Room 01.10.061 (Garching)
    Phone: 289 - 17500
    E-Mail: bichler at in.tum.de
  • Salman Fadaei
    Room 01.10.054
    Phone: 289 - 17532
    E-Mail: salman.fadaei at in.tum.de
    Sprechstunde nach Vereinbarung
Decision Sciences & Systems (DSS), Department of Informatics (I18), Technische Universität München, Boltzmannstr. 3, 85748 Garching, Germany
©2002-2017 DSS All Rights Reserved
Impressum, Privacy Policy, Copyright Information and Disclaimer