Carnegie Mellon

 

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Course 73-440
Auctions and Markets

Instructor:

Robert A. Miller
Email: ramiller@andrew.cmu.edu

Teaching Assistant:

Hao Xue
Email: hxue@andrew.cmu.edu

 

 

 

 

Lectures and Experiments

 

Limit Order Markets

 

1.      Introduction

2.      Arbitrage Pricing

 

 

Competitive Equilibrium

 

1.      General Equilibrium

2.      Differentiated Products

3.      Portfolio Choices

4.      Rational Expectations

 

 

Individual Optimization

 

1.      Investment

2.      Contraction Mapping

3.      Uncertainty

4.      Risk Aversion

 

Bargaining

 

1.      Setting the Agenda

2.      Failing to Settle

3.      Revelation Principle

 

 

 

Contracts

 

1.      Nonlinear Pricing

2.      Employment Contracts

3.      Moral Hazard

4.      Hidden Information

 

 

Auctions

 

1.      Optimal Bidding

2.      Revenue Equivalence

3.      Violating Revenue Equivalence

4.      Multiunit Auctions

5.      Monopoly