07/2023 – Market Design

Market design, or the art of actively shaping well-functioning markets. How can this be achieved? This is the central focus of the “Market Design” Research Unit at ZEW Mannheim, which explores how the performance of existing markets can be improved through the active design of market rules.
 
What may sound abstract at first has very tangible effects in daily life: From allocating nursery places more quickly, fairly, and transparently, to optimising electricity markets, ensuring better distribution of food through food banks, and promoting eco-friendly products like cargo or e-bikes – market design plays a crucial role in maximising prosperity and efficiency in our economy. With its focus on “Market Design”, this ZEW Monthly edition provides current insights into ZEW’s work in this field.