Decentralized markets (B04)

在这个项目中，我们从理论上和经验上分析了分散市场的运作。我们研究了价格决定和合同安排，扩展了现有的搜索理论来解释对市场条件的了解，并研究了通过评级和推荐来减少信息不对称。我们使用来自线上和线下市场的数据来测试理论，评估政策，并得出市场设计和监管的含义。

In this project, we analyze the workings of decentralized markets, both theoretically and empirically. We study price determination and contracting arrangements, extend existing search theory to account for learning about market conditions, and study the reduction of informational asymmetries through ratings and recommendations. We use data from online and offline marketplaces to test theories, evaluate policies, and derive implications for market design and regulation.