ERC Advanced Grant · 2016
Economic Engineering of Cooperation in Modern Markets
Cooperation is essential for the functioning of the economy and society. Thus, with inappropriate mechanisms to harness self-interest by aligning it with the common good, the outcome of social and economic interaction can be bleak and even catastrophic. Recent advances in computer technology lead to radical innovation in market design and trading strategies. This creates both, new challenges and exciting opportunities for “engineering cooperation”. This project uses the economic engineering approach (as advocated by Alvin Roth) to address some of the most pressing cooperation problems of modern markets and societies. I propose three work packages, each using innovative experimental methods…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.