Market Design: The Policy Uses of Theory
通过频谱、电力、温室气体减排等市场案例,展示现代微观经济学在政策中的应用,并讨论理论使用的局限,适合关注经济理论与政策结合的读者。
The use of modern microeconomics in policy is illustrated by the markets for spectrum, electricity, greenhouse-gas reductions, defense procurement, and Treasury bills. Further examples are antitrust divestiture rules, market-based redistribution, fishery conservation, and privatization. The limits of the use of theory are also discussed, by reference to China's economy-wide reforms. Lessons on the policy use of theory are drawn.