Time
January 18, 13.30: Energy and Climate challenges
Topic
Markets as Policy Tools: About Phones, Fish, Energy, and Algorithms
Policy makers are often tasked with challenging resource allocation problems. Market design has emerged as a new tool for policy makers to solve these problems considering preferences of the market participants as well as regulatory constraints. The design of auctions for spectrum sales was one of the first visible examples where optimization and market design had considerable impact. I will discuss problems that arise in spectrum sales, in environmental markets and energy markets. The design of such markets is challenging as it is necessary to consider the strategic behavior of market participants and computational problems in order to implement the objectives of a designer.
About Prof. Dr. Martin Bichler, DSS, TU Munich
Martin Bichler is a Professor at the Department of Informatics of the Technical University of Munich (TUM), and a faculty member at the TUM School of Management. Before that he was working as a research fellow at UC Berkeley, and as research staff member at the IBM T. J. Watson Research Center, New York. Martin has contributed to different areas in computer science, operations research, and information systems. In particular he is interested in market design, optimization, and data analysis.