The professorship is in the area of "Market Design" at the university's School of Law and Economics. "The goal of market design is not only to analyse individual markets and institutions, but to actively shape them. Market design thus, on the one hand, draws on methods taken from economics such as game theory and behavioural economics. On the other hand, due to the complexity of real markets, market design is at its core an interdisciplinary field bringing together economists, computer scientists, psychologists and engineers," says Gretschko when asked to explain the goals of both the research group and his teaching role at the University of Mannheim.
Vitali Gretschko was previously a postdoc at the University of Cologne and worked as a project leader at TWS Partners. His research interests extend across the field of market design, although he is particularly interested in applied auction theory and contract theory. Gretschko also has a wealth of experience in the practical design of auction markets and in providing market participants with strategic advice.