Monday, October 28, 2024

Kidney exchange in Italy and Europe

 In May, when I spoke at the  Istituto Superiore di Sanità. I was interviewed by TrendSanita, and that interview has just been published. (It's in Italian, but Google Translate works very well):

  A TrendSanità parla il premio Nobel 2012 per l’economia Alvin Eliot Roth: « Il nostro compito come economisti non è solo lavorare a come allocare al meglio risorse scarse ma, possibilmente, fare in modo che diventino meno scarse»  di Cesare Buquicchio  24 Ottobre 2024

["The 2012 Nobel Prize winner for economics Alvin Eliot Roth speaks to TrendSanità: «Our task as economists is not only to work out how to best allocate scarce resources but, possibly, to make them less scarce»}

"In an in-depth analysis of the Italian and international transplant system, Roth highlights the progress and the challenges that remain. " Italy reached the highest level in its history for organ donations in 2023 , but there is still a lot of work to do to bridge the gap between supply and demand, once again, an economic concept," he adds with a smile.

...

"Roth's vision for the future is clear: an integrated European system that allows for the optimization of organ exchanges across national borders, increasing the chances of finding compatible donors for each patient. An ambitious goal that requires not only technological innovation and medical coordination, but also a new understanding of the economic mechanisms that can make the transplant system more efficient. " Economics may seem distant from medicine, but when it comes to saving lives through better allocation of resources, economic principles become valuable tools at the service of public health ," concludes Roth."

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Earlier:

Tuesday, May 7, 2024

Sunday, October 27, 2024

Gambling as a public health issue (Lancet)

 Here's a warning about gambling from the Lancet:

The Lancet Public Health Commission on gambling   October 24, 2024

"Executive Summary: Gambling is not an ordinary kind of leisure; it can be a health-harming, addictive behaviour. The harms associated with gambling are wide-ranging, affecting not only an individual's health and wellbeing, but also their wealth and relationships, families and communities, and deepening health and societal inequalities. By examining these harms, the Commission unveils the intersections between the social, commercial, legal, and political determinants of health. The Commission sheds light on the increasingly complex commercial ecosystem for gambling and its digital transformation which offer unparalleled capacities for gambling. The Commission calls on governments and policymakers to treat gambling as a public health issue—just as for other addictive and health-harming commodities, such as alcohol and tobacco—and provides recommendations to prevent and mitigate the broad range of harms associated with gambling.

Saturday, October 26, 2024

Dating apps, featuring Hinge (NPR podcast)

 NPR has a podcast on dating apps.

"Unanswered messages. Endless swiping. An opaque algorithm. The backlash to online dating feels like it's reached a fever pitch recently. For today's Love Week episode, why people are unhappy with online dating and what Hinge's CEO is trying to do about it. Also, a Nobel Prize economist delivers a little tough love."

NPR podcast: https://www.npr.org/2024/10/24/1211597183/love-week-online-dating-hinge-ceo-justin-mcleod


x

Friday, October 25, 2024

WUSTL Economic Theory Conference 2024, today and tomorrow in St. Louis

 I'm traveling to St. Louis, to Washington University, to join the

Location: The Charles F. Knight Center Executive Education & Conference CenterClassroom 220 is on the WashU Campus (145, D2). All sessions, lunch, and dinner will be held here.

Program:

Friday, October 25:

8:00 – 9:00 am Breakfast (Anheuser-Busch Dining Hall)

Session I (Classroom 220)

9:00 – 9:45 am David Levine (Royal Holloway University)
Behavioral Mechanism Design as a Benchmark for Experimental Studies

9:45 – 10:30 am Navin Kartik (Columbia University)
Convex Choice” joint with Andreas Kleiner

10:30 – 10:50 am Coffee Break (2nd Floor Break Area)

Session II (Classroom 220)

10:50 – 11:35 am Laura Doval (Columbia University)
“Calibrated Mechanism Design” joint with Alex Smolin

11:35 – 12:20 pm Simon Board (UCLA)

Lunch 12:30 pm – 1:30 pm; Hot Slider Buffet Bar will be placed outside the meeting room for guests to grab. Beverages will be available on the 2nd floor break station. Guests can eat in the classroom, at the lounge seating on the 2nd floor of the Knight Center, or outside on WashU’s campus.

Session III (Classroom 220)

1:40 – 2:25 pm Federico Echenique (UC Berkeley)
Stable Matching as Transportation

2:25 – 3:10 pm Faruk Gul (Princeton University)

3:10 – 3:30 PM Coffee Break 

Session IV (Classroom 220)

3:30 – 4:15 pm Vasiliki Skreta (UT Austin)

4:15 – 5:00 pm Bruno Strulovici (Northwestern University)
Symbolic vs. Substantive Taxation Principles with Unobservable Actions

Dinner 5:30 – 8:00 pm, Classroom 340 (3rd floor)


Saturday, October 26:

7:00 – 9:00 am  Breakfast (Anheuser-Busch Dining Hall)

Session V (Classroom 220)

9:00 – 9:45 am Nageeb Ali (Penn State University)
“From Design to Disclosure”

9:45 – 10:30 am Marina Agranov (Caltech)
“Beliefs of Others: an Experimental Study”

10:30 – 10:50 am Coffee Break

Session VI (Classroom 220)

10:50 – 11:35 am Michael Ostrovsky (Stanford University)
Transportation as Stable Matching

11:30 – 12:20 pm Mehmet Ekmekci (Boston College)

12:30 – 1:30 pm; Boxed Lunches will be placed outside the meeting room for guests to grab. Beverages will be available on the 2nd floor break station. Guests can eat in the classroom, at the lounge seating on the 2nd floor of the Knight Center, or outside on WashU’s campus.


Public Lecture

Bryan Cave Moot Courtroom (A-B Hall, Room 310)

3:00 – 4:00 PM Al Roth (Stanford University)
“Market Design and Regulation”
Al Roth will give highlights of the market design he pioneered, such as kidney exchange and school choice. He will also discuss open questions regarding controversial markets, which may include blood plasma, abortion, IVF and surrogacy, marijuana, guns, and digital data.

Thursday, October 24, 2024

23 Nobel Prize-winning economists call Harris’ economic plan ‘vastly superior’ to Trump’s

 23 Nobel Prize-winning economists call Harris’ economic plan ‘vastly superior’ to Trump’s
By Phil Mattingly, CNN

"More than half of the living US recipients of the Nobel Prize for economics signed a letter that called Vice President Kamala Harris’ economic agenda “vastly superior” to the plans laid out by former President Donald Trump.

"Twenty-three Nobel Prize-winning economists signed onto the letter, including two of the three most recent recipients.

“While each of us has different views on the particulars of various economic policies, we believe that, overall, Harris’ economic agenda will improve our nation’s health, investment, sustainability, resilience, employment opportunities, and fairness and be vastly superior to the counterproductive economic agenda of Donald Trump,” the economists write in the letter obtained by CNN.

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Here's the letter, and the signatories:

"We, the undersigned, believe that Kamala Harris would be a far better steward of our economy than Donald Trump and we support her candidacy.
The details of the presidential candidates’ economic programs are not fully laid out yet, but what they’ve said, combined with what they’ve done in the past, gives us a clear picture of alternative economic visions, policies, and practices.
While each of us has different views on the particulars of various economic policies, we believe that, overall, Harris’s economic agenda will improve our nation’s health, investment, sustainability, resilience, employment opportunities, and fairness and be vastly superior to the
counterproductive economic agenda of Donald Trump.
His policies, including high tariffs even on goods from our friends and allies and regressive tax cuts for corporations and individuals, will lead to higher prices, larger deficits, and greater inequality. Among the most important determinants of economic success are the rule of law and economic and political certainty, and Trump threatens all of these.
By contrast, Harris has emphasized policies that strengthen the middle class, enhance competition, and promote entrepreneurship. On issue after issue, Harris’s economic agenda will do far more than Donald Trump’s to increase the economic strength and well-being of our  nation and its people.
Simply put, Harris’s policies will result in a stronger economic performance, with economic growth that is more robust, more sustainable, and more equitable."


Signed,
Daron Acemoglu (2024)
George A. Akerlof (2001)
Abhijit Banerjee (2019)
Sir Angus Deaton (2015)
Peter A. Diamond (2010)
Douglas Diamond (2022)
Esther Duflo (2019)
Robert F. Engle III (2003)
Claudia Goldin (2023)
Sir Oliver Hart (2016)
Guido W. Imbens (2021)
Simon Johnson (2024)
Eric S. Maskin (2007)
Daniel L. McFadden (2000)
Robert C. Merton (1997)
Roger B. Myerson (2007)
William D. Nordhaus (2018)
Edmund S. Phelps (2006)
Paul M. Romer (2018)
Alvin E. Roth (2012)
Robert J. Shiller (2013)
Joseph E. Stiglitz (2001)
Richard H. Thaler (2017) 

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Earlier:

Wednesday, June 26, 2024 Feedback (from Trump campaign) on open letter by economists

Wednesday, October 23, 2024

Lanchester Prize (Post 1 of 2)

 The 2024 INFORMS meetings in Seattle this weekend was the occasion of a number of awards, including the Lanchester Prize, the big publication award in operations research and management science.  Congratulations to the two winning publication teams.

One of the teams will be familiar to the readers of this blog: Itai Ashlagi, Yash Kanoria, Jacob Leshno, Mark Braverman and Peng Shi.  They received the award for a series of papers on matching, about which I'll blog in a subsequent post.

The Lanchester Prize is awarded for the best contribution to operations research and the management sciences published in English in the past five years. 

Learn more about the Lanchester Prize and how to be nominated on the INFORMS website.

WINNING TEAM ONE

Université Grenoble-Alpes

Anatoli Juditsky

Université Grenoble-Alpes
Georgia Tech

Arkadi Nemirovski

Georgia Tech

WINNING TEAM TWO

Stanford University

Itai Ashlagi

Stanford University
Columbia University

Yash Kanoria

Columbia University
Chicago University

Jacob Leshno

Chicago University
Princeton University

Mark Braverman

Princeton University
University of Southern California

Peng Shi

University of Southern California

Honorable Mention

The Chinese University of Hong Kong, Shenzhen

Guillermo Gallego

The Chinese University of Hong Kong, Shenzhen
Cornell University

Huseyin Topaloglu

Cornell University

 

 

Tuesday, October 22, 2024

Stability vs. No Justified Envy, by Romm, Roth and Shorrer

 Here's a recent paper that clarifies some of the prior literature on comparing stability in two-sided matching with a related kind of envy-freeness in allocations of goods to individuals using priorities.


Romm, Assaf, Alvin E. Roth, and Ran I. Shorrer, "Stability vs. No Justified Envy," Games and Economic Behavior, Volume 148, November 2024, Pages 357-366  https://doi.org/10.1016/j.geb.2024.10.002
 
Abstract: Stability and “no justified envy” are used almost synonymously in the matching theory literature. However, they are conceptually different and have logically separate properties. We generalize the definition of justified envy to environments with arbitrary school preferences, feasibility constraints, and contracts, and show that stable allocations may admit justified envy. When choice functions are substitutable, the outcome of the deferred acceptance algorithm is both stable and admits no justified envy.