Yannick Perez

My research interest is on Market Design. Over the past two decades, economic research and ideas have played an increased role in the practical organization and design of markets. Some examples include auctions for spectrum, electricity, tradable permit systems for pollution abatement and other environmental regulations, market mechanisms for innovation. In each of these cases, both theory and empirical and experimental research have influenced the design of market institutions. 'Market design' examines the reasons why markets institutions fail and considers the properties of alternative mechanisms, in terms of efficiency, fairness, incentives, and complexity. Research on market design is influenced by ideas from industrial organization and microeconomic theory, it brings together theoretical, empirical, and experimental methods, with an aim of studying policy-relevant tradeoffs with practical consequences.