A Research Review on Market Mechanism Design
Wang Fangb · Yunnan Caijing Daxue xuebao · 2011
Market design is a kind of design using mechanism as its research object.By designing the micro-mechanism of market,the result of market resource allocation can better meet the internal regulations and basic requirements of economic and social development.Market designers must have wide view like an engineer,and by using multi-tools like design theory,experimental economics and computer tools,they can think and grasp market details and the game process between market participants and market principles.The authors analyze market inefficiency and market failure problems from several aspects,and propose some feasible solutions.