Authors, please upload your paper here.




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




Friday, May 15:


Riverfront Room


8:30 am Continental Breakfast




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




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