The “2023 Greater Bay Area Market Design Workshop,” held on October 16-17, explored practical applications of market design – a key subfield of economics that optimizes complex resource allocation. The workshop highlighted how market design innovations have improved university admissions systems, teacher placements, and public procurement processes through better matching mechanisms and auction designs.
This event served as a bridge connecting cutting-edge market design research in China’s Greater Bay Area with complementary studies from Europe, the U.S. and Australia. It provided emerging scholars a platform to showcase their work while facilitating the translation of academic insights into practical policy solutions. The workshop emphasized the growing social relevance of market design in addressing real-world allocation challenges.
