Description
This is a one day workshop on market and auction design. We will consider international cases of successful and failed auction design. The intended audience are policy makers, government officials, and business practitioners who are interested in understanding principles of sound auction design in challenging environments.
Speakers:
Rakesh Vohra, University of Pennsylvania
Tymofiy Mylovanov, Kyiv School of Economics, University of Pittsburgh
Schedule and Topics:
9:00-9:30 – Registration and welcome
9:30-11:00 – Why use auctions? When does it make sense to use them?
11:00-11:15 – Break
11:15-12:45 – What is the goal of the auction? Revenue, efficiency, price discovery.
12:45-14:15 – Lunch break
14:15-15:45 – What are the design choices and what do they depend on? Sealed vs open? Static vs Dynamic? Reserve price or not? Entry fee or not?
15:45-16:00 – Break
16:00-17:30 – Deterring collusion. Increasing participation. Respecting political constraints.
17:30-18:00 – Q&A and networking
Ticket price: $50 and $100 (automatically converted to UAH)
Note: Working language of this event is English. There will be no translation.
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.
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.
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.
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.
Tymofiy Mylovanov is Honorary President of the Kyiv School of Economics, Associate Professor at the University of Pittsburgh, and Deputy Chairman of the Council of the National Bank of Ukraine. With appointments at the Department of Economics and the Graduate School of Public and International Affairs, Tymofiy’s interdisciplinary research and policy work focus on the areas of economics, public policy, and computer science.
Tymofiy Mylovanov received his Master degree in Economics from the KSE in 1999. He earned his PhD in Economics from the University of Wisconsin Madison, USA in 2004. Tymofiy has taught at the University of Bonn, Penn State University, the University of Pennsylvania, and the University of Pittsburgh.
Tymofiy’s research on game theory, contract theory, and institutional design has been published in major international academic journals such American Economic Review, the Review of Economic Studies, Econometrica, and the Journal of Economic Theory.
Tymofiy Mylovanov is a co-founder of VoxUkraine, a group of global economists working on policy problems in Ukraine and has been a member of the academic advisory board of the Kyiv School of Economics for several years.
On July, 7th in 2016, the Verkhovna Rada of Ukraine elected Tymofiy Mylovanov to the Council of the National Bank of Ukraine (NBU) and since October 2016 he has held a position of the Deputy Chairman of Council of the National Bank of Ukraine.
In 2014 and 2015 he took the leading places in the Forbes Ukraine ranking of Ukrainian economists who have achieved the greatest success in the scientific field.
Thanks to extensive economic knowledge, belonging to the international academic community and familiarity with the situation in Ukraine Tymofiy Mylovanov makes a significant contribution to the development of the Kyiv School of Economics and research in economics, business, and public policy in Ukraine.
Rakesh Vohra and Tymofiy Mylovanov have recently co-authored a paper on the economics of security of blockchain “Corruption is a Path to Security”. Prior to that, Vohra and Mylovanov collaborated on the design of Dutch Hybrid Auction that has been adopted by Prozorro.Sales in Ukraine.
Partners:
Info partners:
Speakers
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
Honorary President of the Kyiv School of Economics, Associate Professor at the University of Pittsburgh, and Deputy Chairman of the Council of the National Bank of Ukraine