Market design is a branch of economics that focuses on establishing rules of exchange, meaning who gets allocated what and by what procedure, in order to achieve efficient and equitable outcomes. It is closely related to mechanism design and auction theory.
Market design is a branch of economics that focuses on establishing rules of exchange, meaning who gets allocated what and by what procedure, in order to achieve efficient and equitable outcomes. It is closely related to mechanism design and auction theory.
Source: Wikipedia "Market design" · CC BY-SA 4.0
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