1. Centre for Market Design
  2. Home

Centre for Market Design

We produce innovative microeconomic research and form partnerships with industry and governments to deliver value to society.

Home Research Projects Education Partnerships About Us

The Centre for Market Design is a research hub with expertise in microeconomics, hosted by the University of Melbourne.

Latest news and research

  • Australian Research Council grant

    The Australian Research Council has announced a Discovery grant for the CMD Director Professor Simon Loertscher and Advisory Board member Professor Leslie Marx.

    11 Dec 2019 Research
  • Excellence Awards

    The CMD team has been recognised for its exceptional record of delivering public value, with a University of Melbourne Excellence Award.

    03 Dec 2019 Announcement
  • Teaching excellence

    Associate Professor David Byrne, the CMD's Director of Capability Building, has been awarded for excellence in teaching.

    20 Nov 2019 Announcement
  • Closing gender gaps

    CMD affiliate Dr Maria Recalde is investigating how organisations may be able to help close labour market gender gaps.

    11 Nov 2019 Research
  • A new Future Fellow: innovating land reallocation

    Professor Tom Wilkening awarded an Australian Research Council (ARC) Future Fellowship aimed at improving the way land is reallocated.

    21 Oct 2019 Announcement
  • Endowments, Exclusion, and Exchange

    We propose a new solution for discrete exchange economies and resource‐allocation problems, the exclusion core. The exclusion core rests upon a foundational idea in the legal understanding of property, the right to exclude others.

    01 Oct 2019 Research
  • Research Fellow position available

    We are hiring. Applications are now open for a Post-Doctoral Research Fellow - Economics, at the Centre for Market Design.

    16 Sep 2019 Announcement
  • Power Changers wins second award

    The joint CMD, Victorian Government and industry project, Power Changers, to reduce household power use and ease impact on the energy grid has won a second industry award.

    10 Sep 2019 Announcement

more news

Upcoming Events

view past events

The Centre for Market Design's research is published in top-ranking generalist and leading field journals.

Our team includes outstanding young economists specialising in research in economic theory, structural econometrics and experimental economics, who partner with peers in Australia and worldwide to drive innovation in the field of market design.

We also support workshops, mini-schools, conferences and academic visitors.

  • Our students
  • Journal articles

The Centre for Market Design applies game theory, information economics and incentive design to policy and industry problems.

We connect leading academics with real-world policy problems to design, test and implement tailor-made solutions. We develop mechanisms that help government and industry make positive changes using robust economic design tools.

See a full list of our partnerships with government, industry and universities.

Latest projects

  • Border Biosecurity

    The CMD is focusing on incentives to improve Australia’s biosecurity system.

  • Waste Sector Reform

    Economic design methodology will assist Infrastructure Victoria to identify options to manage waste and recycling policy.

  • Biodiversity Offsets Scheme

    A smart market is being designed for the New South Wales Government’s Biodiversity Offset Scheme. 

  • Youth Justice

    A joint field experiment is underway to evaluate the effectiveness of non-custodial interventions for young offenders.

  • Improving Transport for Students with Disability

    Travel times by students with autism at a northern Melbourne school have been cut by half as a result of a CMD pilot project.

  • Power Changers

    Associate Professor David Byrne has been instrumental in designing and evaluating a trial to help households reduce power use.

Our programs use specialised tailored pathways to offer opportunities for government and industry professionals to extend their understanding of how economic design principles and mechanisms can improve a range of procurement and other resource allocation decisions.

  • Government

    The Specialist Certificate in Economic Design aims to build awareness of market design in the public sector.

  • Enterprise

    This new set of tailored executive education programs will be launched in 2020.

We work closely with state and commonwealth government agencies, researchers from local and international universities, and organisations with an interest in market design research and applications.

We share knowledge and promote market design solutions for procurement, also partnering with industry and the community to problem solve.

Our team continues to provide fiscal, efficient and engagement outcomes for its stakeholders and plans to increase contractual work by developing new strategic partnerships.

View our partners

Please contact the CMD office to discuss potential partnerships.

The Centre for Market Design (CMD) was established in 2012 as a consortium of Federal and Victorian Treasury departments and the University of Melbourne, to partner with industry, government and university peers to produce innovative economic research.

It became a University research centre in 2018.

We use mechanism design, auction theory, matching markets, experimental economics, and structural econometrics to find solutions to public policy, procurement and resource allocation problems.

We work closely with state and commonwealth government agencies, researchers from local and international universities, and organisations with an interest in market design research and applications, to share knowledge and find solutions.

Learn More

  • Our People
  • Annual Reports
  • Vision & Mission
  • Newsletters
  • Contact CMD
  • Subscribe

Centre for Market Design

  • News
  • Events
  • Research
    • Journal Articles
    • PhD Students
  • Projects
    • Border Biosecurity
    • Waste Sector Reform
    • Biodiversity Offsets Scheme
    • Youth Justice
    • Improving Transport for Students with Disability
    • Power Changers
  • Education
  • Partnerships
  • About us
  • Contact us
  • Current Students
  • Library
  • Staff