Description
The intended audience are policy makers, government officials, and business practitioners who are interested in market and auction design. The event will feature a keynote by Prof. Rakesh Vohra about the market design in the modern world, followed by the presentation of the white paper by the Kyiv School of Economics that evaluates the effectiveness of the Dutch Auction used for resolution of the assets by DFG. The event will conclude with the panel discussion by the top policy makers and world-class experts about the unique challenges present in Ukraine and the optimal ways to address them. For those who would like to improve their fundamental knowledge as well as the understanding of the practical aspects of the optimal auction design, there will be a presentation of two educational opportunities: a one day workshop on auction design by Rakesh Vohra and Tymofiy Mylovanov on the day following the event as well as an online course on auction design taught by Rakesh Vohra, Tymofiy Mylovanov and Andriy Zapechelnyuk. The white paper will be electronically distributed to those who register as regular participants. The workshop and the course can purchased as additional items during the registration. Discounted tickets might be available at the pages of the workshop and the online course.
Special Guest – Rakesh Vohra
The sheer variety and scope of experimentation in the networked economy are a treasure trove of insight for Rakesh Vohra. An economist and systems engineer, Vohra pioneers new ways to design effective markets for diverse purposes such as the power grid, online advertising, wireless spectrum access and the allocation of donor’s kidneys. Innovations of this type at the intersection of engineering and the social sciences, using vast data sets, inspires Vohra’s research and his presence on campus as a catalyst for collaboration.
As he investigates ways to structure diverse markets with meaningful incentives, Vohra develops new methods to insure against unpredictable risks and resolve technological constraints. He is best known for his work on forecasting in low informational environments and his many contributions to the economic field of mechanism design. Vohra publishes in Econometrica, Biometrika, Journal of Computer and System Sciences, Mathematics of Operations Research and Mathematical Programming. He has written three books about pricing, mechanism design and mathematical economics.
The Agenda of the Evening:
19:00-19:30 – Meet and greet, networking
19:30-19:35 – Opening remarks by Tymofiy Mylovanov, KSE Honorary President
19:35-19:55 – Opening speech by Professor Rakesh Vohra, University of Pennsylvania “Designing Markets in the Modern Economy”
19:55-20:15 – Presentation of White Paper “Hybrid Dutch Auction is the Best Thing That Could Have Happened to Ukraine: Evaluation of its Efficiency and Revenue Properties” by Tymofiy Mylovanov, KSE Honorary President, and Natalia Shapoval, KSE Vice President for Policy Research.
20:15-20:45 – Panel Discussion: Designing Transparent and Efficient Markets in Ukraine
Participants: Professor Rakesh Vohra, University of Pennsylvania, Max Nefyodov, First Deputy Minister, MERT, and Ilia Mykhailov, DFG. Moderator: Oleksiy Sobolev, Prozorro Sales
20:45-21:00 – Q&A and Closing Remarks
21:00-22:00 – Informal networking and discussions
Although we do not expect our guests to deliver a speech, we do hope you will take an active part in Q&A session, as well as informal networking.
Rakesh Vohra is the George A. Weiss and Lydia Bravo Weiss University Professor, Professor of Economics, Professor of Electrical and Systems Engineering and Co-Director of the Warren Center for Network & Data Sciences at the University of Pennsylvania. With appointments in the School of Arts and Sciences and the School of Engineering and Applied Science, Vohra works at the intersection of economics, systems engineering, computer science, and business.
Vohra formerly taught at Northwestern University, where he was the John L. and Helen Kellogg Professor of Managerial Economics and Decision Sciences in the Kellogg School of Management, with additional appointments in the Department of Economics and the Department of Electrical Engineering and Computer Science.
Vohra’s current research explores ways to allocate wireless communication spectrum, re-design energy markets to account for the intermittency of renewable power sources and evaluate systemic risk in financial markets.
******
All raised funds will be transferred to the Charitable Foundation Kyiv School of Economics for the support of education and research in economics, business, and public policy and governance.
Partners:
Info partners:
