Professor Paul Klemperer on how auction maths can make markets work better: and how academic research (in this case, on geometry) can be turned immediately into real-world policy.
The surprising uses of auctions
Professor Paul Klemperer on how auction maths can make markets work better: and how academic research (in this case, on geometry) can be turned immediately into real-world policy.
This is so good when discussing QE.
Interesting video thank you.
"topical", sadly, @shpensive. Tropical geometry sounds more fun though…
Thank you for the clarification; that is good background. I see now how mathematics fits into the equation. Fascinating. Thanks so much for all the great videos – especially on science.
Hi @TheGreenGrappler, it was 'selling' liquidity – loaning money to banks, and seeing what they would offer as collateral in return, while at the same time designing the process so that the banks had to give a true picture of how much they valued the loans. See PaulKlemperer [dot] org for academic papers on the subject.
What is the Bank selling at auction? Sorry, that wasn't clear. Interesting idea but a little confusing about what was being sold. Thank you!