Decentralized markets (B04)

在这个项目中，我们从理论和经验两个方面分析了分散市场的运作。我们研究价格决定和合同安排，扩展现有的搜索理论以了解市场状况，并研究通过评级和推荐减少信息不对称。我们使用线上和线下市场的数据来检验理论，评估政策，并得出对市场设计和监管的影响。

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.