User Portlet

I study market design, an engineering-oriented field of economic theory that considers how the design of the rules and regulations of a market affects the functioning and outcomes of that market. In particular, I study matching theory, a field of economics that studies markets in which agents have explicit preferences over whom they buy from and sell to, not just over the underlying goods bought and sold. Examples of such economies include the markets for medical residency positions, the assignment of students to public schools, and the formation of collaborative research enterprises. My work in market design has led to a deeper understanding of such diverse markets as kidney exchange, spectrum auctions, and assigning U.S. Army military cadets to branches of service. More recently, I am studying how firms maintain non-competitive prices, particularly in non-concentrated industries. My work can help explain pricing patterns in initial public offerings, syndicated lending, real estate agency, and deposit banking.