Advances in micro-economic theory have profound implications for the way governments implement policy objectives. By applying the disciplines of game theory, information economics and incentive design to policy problems, a new generation of policy mechanisms is emerging including: designed auctions; matching markets; smart markets; and incentive compatible contracts.
At the Centre for Market Design we connect leading academics with real-world policy problems to design, test and implement tailor-made solutions. Under the Policy Projects program, our aim is to develop mechanisms that help Government achieve their stated objectives, which also embody the efficiency properties normally observed in markets.
We have developed a number of policy projects in a diverse range of policy domains. Use the filters on the right to search for policy projects via economic design tools or focus areas.