Agora (αγορά) is Greek for market as well as meeting place. The AGORA center is the successor of the ESEI group that was based in Zurich between 2010 and 2015 but went "down under" in 2016.
The focus at AGORA is to solve major open design problems and to gain an improved understanding of new mechanisms for auctions, contracts, matching, voting, trading, social learning and networking.
The aim is to advance our scientific knowledge and to provide practitioners with implementations that have been thoroughly tested in the laboratory. The combination of mechanism design and wind tunnel testing defines our approach to the design of better social, political, and economic institutions.
Market design offers a novel scientific approach to policymaking with the potential to transform the social sciences and public policy. It is an interdisciplinary field that combines insights from game theory, experimental economics, computer science, and operations research with domain-specific expertise from the environmental sciences, the financial sector, law, etc.
It follows an innovative reverse-engineering methodology that takes the goal rather than the institution as given. In other words, market design starts from a clearly specified objective and asks what institution can best implement it. Market design is transformative in that it breaks with the centuries-long tradition in the social sciences of studying existing institutions and instead proposes to engineer – that is to design, test, and build – new ones.
"M Equilibrium: A Theory of Beliefs and Choices in Games" by AGORA researchers Goeree and Louis is forthcoming in the prestigious American Economic Review.
Two Full-time Postdoctoral Fellow positions announced. The positions are based within the AGORA Centre for Market Design at UNSW. More information here.
Media article "Do leaders make strategic decisions to minimise regret?" featuring AGORA postdoc García-Pola published at BusinessThink
Media article "How market design is transforming the role of economists into engineers?" featuring Jacob Goeree published at BusinessThink
AGORA researchers Goeree and Holden publish media article "Why do markets need designing? Lending Smith’s ‘invisible hand’ a hand" at The Conversation
AGORA researcher Goeree wins the UNSW Business School Outstanding Research Award.
AGORA researchers Bichler, Ferrell, and Goeree are awarded the INFORMS Design Science Award.
AGORA researchers Bichler, Ferrell, and Goeree are awarded the runner-up Wagner Prize for their paper "Designing Environmental Markets for Trading Catch Shares" in Interfaces.
AGORA researchers Bichler and Goeree, together with Vladimir Fux from the Technical University of Munich, published the article "Designing combinatiorial exchanges for the reallocation of resource rights" in the Proceedings of the National Academy of Science (PNAS).
AGORA researchers Goeree and Louis are awarded an ARC Discovery Project grant for their project titled "Ranked dependent choice equilibrium".
AGORA Director Goeree was elected as a fellow to the Academy of the Social Sciences in Australia.
AGORA researchers Bichler, Ferrell, and Goeree are awarded the EURO Excellence in Practice Award of the Association of the European Operational Research Societies within IFORS.
AGORA researchers Goeree and Roth are plenary speakers at the Tsinghua BEAT market-design conference in Beijing.
Ningyi Sun joins AGORA as Scientia PhD.
The new Handbook for Spectrum Auction Design edited by AGORA researchers Bichler and Goeree is discussed in InterMEDIA.