Analysis of stochastic matching markets

Analysis of stochastic matching markets

Suppose that the agents of a matching market contact each other randomly and form new pairs if is in their interest. Does such a process always converge to a stable matching if one exists? If so, how quickly? Are some stable matchings more likely to be obtained by this process than others? In this paper we are going to provide answers to these and similar questions, posed by economists and comp...

Matching Markets: Design and Analysis

A market consists of buyers and sellers of some commodity, say a DVD movie. In this thesis, we assume the role of market operator. Our goal is to ensure that the market has certain desirable properties, including truthfulness, fairness and stability. We explore how to achieve these properties by designing rules for how the participants (buyers and sellers) can interact. We also explore how to e...

Matching Markets: Design and Analysis Thesis Proposal

A market consists of buyers and sellers of some commodity, say a DVD movie. In this thesis, we assume the role of market operator. Our goal is to ensure that the market has certain desirable properties, which may include fairness, revenue maximization, and so on. We achieve these properties by designing rules for how buyers and sellers can perform transactions. Our main focus will be on matchin...

Stochastic Optimization of Demand Response Aggregators in Wholesale Electricity Markets

This paper proposes a stochastic framework for demand response (DR) aggregator to procure DR from customers and sell it to purchasers in the wholesale electricity market. The aggregator assigns fixed DR contracts with customers based on three different load reduction strategies. In the presented problem the uncertainty of market price is considered and the risk of aggregator participation is ma...

Essays on Matching Markets