DSS
Decision Sciences & Systems
Technical University of Munich
 

Dr. Stefan Waldherr

Lecture WS 17/18

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:

  • Letures: Fridays, 13:30 - 16:30
  • Exercises: Fridays, 10:45 - 12:30
  • Final exam: TBD
Topic Lecture  Exercise
An introduction to game theory 20.10. 27.10. 
Game theory and mechanism design 27.10. 03.11.
Single-item auctions 03.11. 10.11.
Combinatorial auctions 10.11. 17.11.
Assignment markets 17.11. 24.11.
Iterative combinatorial auctions 24.11. 01.12.
Combinatorial clock auctions 01.12. 08.12.
Approximation mechanisms 08.12. 15.12.
Matching Markets 15.12. 22.12.

 


Organization:

  • Location: classes take place at the MW building, Garching, Room 2250 (5502.02.250).
  • Slides: will be made available before each class in the eLearning plattform MOODLE.
  • Grading is based on a final exam. Students can earn a grade bonus (0.3) by solving exercises and presenting summaries of the lecture.
  • Registration Lecture: register in TUMonline: 04.09.2017 - 05.11.2017.
  • Registration Exercise: register inTUMonline: 19.10.2017 - 05.11.2017. (only if you have a Fixplatz in the Lecture)

Literature:

 


Contact:

  • Stefan Waldherr
    Room 01.10.054
    Phone: 289 - 17532
    E-Mail: stefan.waldherr at in.tum.de

  • Sören Merting
    Room 01.10.056
    Phone: 289 - 17530
    E-Mail: soeren.merting at in.tum.de

Decision Sciences & Systems (DSS), Department of Informatics (I18), Technische Universität München, Boltzmannstr. 3, 85748 Garching, Germany
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