Tepper School of Business

 

 

ADVANCED ECONOMETRICS

 MARKET MECHANISMS

47-901 Mini 3 2025

                                                                                                                                     

                                                                                                                                     Professor Robert A. Miller  ramiller@cmu.edu  

 

                                                                                                                                     Teaching Assistant

Yizhen Xi yizhenxi@andrew.cmu.edu

 

SYLLABUS AND READING MATERIAL

 

 

A.    AUCTIONS

 

 

January Tuesday 14:               Sealed Bid Auctions

 

January Thursday 16:             Auction Dynamics

 

January  Tuesday 21:              Common Value Auctions

 

January  Thursday 23:            Procurement

 

January Tuesday 28:               Tutorial for Assignment

 

 

 

B.    MARKET MICROSTRUCTURE

 

January Thursday 30:               Limit Order Markets

 

February Tuesday 4:                 Search and Hiring

 

February Thursday 6:               Matching Models

 

 

C.    OPTIMAL CONTRACTING 

 

 

February Tuesday 11:              Pure Moral Hazard

 

February Thursday 13:            Moral Hazard and Hidden Information

 

February Tuesday 18:               Life Cycle Career Concerns

 

February Thursday 20:             Long Term Optimal Contracting

 

 

D.    ASSESSMENT 

 

 

February Tuesday 25:             Class Presentations  (for those who choose this option)

 

February Thursday 29:            Examination  (for those who choose this option)