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Toward market design in practice: a progress report
Fuhito Kojima1, Hiroaki Odahara1
1Department of Economics, The University of Tokyo, Tokyo, Japan.
Japanese Economic Review (Oxford, England)
|October 11, 2021
Summary
This paper explores recent advancements in matching theory and market design. It highlights practical applications and introduces the University of Tokyo Market Design Center (UTMD) for implementation.
Area of Science:
- Economics
- Computer Science
- Game Theory
Background:
- Matching theory has seen significant advancements.
- Applications in market design are increasingly important.
Purpose of the Study:
- Survey selected topics in matching theory and market design.
- Describe the authors' own research contributions.
- Introduce the University of Tokyo Market Design Center (UTMD) for practical implementation.
Main Methods:
- Literature review of matching theory.
- Description of novel research findings.
- Overview of the UTMD's structure and goals.
Main Results:
- Key developments in matching theory are identified.
- The practical relevance of theoretical advancements is demonstrated.
- The UTMD is established as a hub for market design research and application.
Conclusions:
- Matching theory offers powerful tools for market design.
- The UTMD aims to bridge the gap between theory and practice.
- Future research directions in market design are suggested.
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