A research field that examines how to
design/improve actual “markets” or social
systems based on the knowledge obtained in
game theory, micro economics, etc.
• The meanings of “market” are broad
(spectrum right auction, school choice
program)
• In 2012, the Nobel prize for economics was
awarded to Lloyd S. Shapley and Alvin E. Roth
for the theory of stable allocations and the
practice of market design.