Juli Plant Grainger Distinguished Chair of Economics, University of Wisconsin-Madison
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ABSTRACT:
Most markets are fragmented; many are dominated by large traders who have price impact. One of the salient developments in market design in recent years has been the work motivated by new data and questions concerning market fragmentation and imperfect competition. This talk will review recent advances in the literature on market design. Open problems will be discussed.
BIO:
Marzena Rostek is the Juli Plant Grainger Distinguished Chair of Economics at the University of Wisconsin-Madison. She received her Ph.D. from Yale University (2006) and was a postdoctoral research fellow at Nuffield College at Oxford University (2007/8). Her research focuses on market design, with a special focus on the effects of market fragmentation and the strategic behavior of large players. Rostek currently serves as an editor of the Journal of Economic Theory and an associate editor of Econometrica, Economic Theory, Economic Theory Bulletin, and the Journal of Economic Literature. She is a SAET Fellow and has been appointed a board member of the Finance Theory Group.