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Matching Markets and Auctions Bence Gbor Microeconomics BBCI 2015 Summer Semester Instructor: Prof. FH Mag. Dr. Ferry Stocker Table of Contents Table of Contents2 Introduction3 Matching Markets3 Finding the coolest match3 Auctions4 Auction formats:4 Private values vs Common values:5 Bidding strategies:5 Glossary6 Bibliography7 Books:7 Websites:7 Graphs:7 Introduction The aim of this report is case study introduce matching markets and auctions in microeconomic level. These two might sound unfamiliar case study many people, though they seem in our life practically day-after-day, we just do not typically admire them. Matching Markets Markets could be thought as a major example of community dependent interplay between people customarily sellers and patrons who have interaction with each other. A few of the basic examples of matchmaking from way of life are marriage, candidates and schools, students and dormitory rooms, scholars and universities, docs and hospitals, and so forth. Of path always there are some constrains, in any other case there can be little need for any form of market. For instance an organ donors blood type have to be suitable with the patients, or a pupil has some expectations closer to the accessible dormitories. Finding the good match The procedure of finding the good match is pretty easy when only one side of the market has possibilities over its suits, like within the stated pupil dorm example. In that case each student.
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