Theory of Mechanism Design - Project
You need to pick one of the topics listed below (or something on your own) related to auction design and think of the following.
1. Write down a model of the problem in the topic chosen.
2. Write down the mechanism used.
3. What objective does the designer have?
4. If possible, think of a mechanism that improved on the existing mechanism.
5. Any interesting research questions (using the details of the setting).
Here are some topics of interest.
• Auctions for various renewable energy: wind, solar etc. Find out what auction formats are used? What are the challenges faced and why?
See this:
https://www.livemint.com/industry/energy/govt-weighs-ending-reverse-auction-for-green-power-bids-11665424324313.html
• Coal mine auctions are widespread in India. Study about the coal mine auctions and challenges in them.
See this: https://coal.nic.in/en/nominated-authority/auction-portal
• Delhi Development Authority (DDA) conducts e-auctions regularly: for plots, com- mercial buildings etc.
See this: https://dda.gov.in/land-disposal/mega-eauction-documents What are the objectives of these auctions?
• How are various slots on television networks allocated? Look at Doordarshan. Consider their feature film slot allocation:
See this: https://prasarbharati.gov.in/wp-content/uploads/2022/03/Notification-for-e-Auction-of-Films-slots-on-DD-National-2022.pdf
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• Jain temples all over India conduct auctions for right to perform rituals. This is a way to raise funds for temples. Read about them in this article:
Tournaments of Honor: Jain Auctions, Gender, and Reputation, History of Religions Vol. 48, No. 4 (May 2009), pp. 284-308
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