Why own your own (fashionable) clothes?

There's a rental market for fashionable women's clothes, Rent the Runway

The NY Times ran a feature story on it:
The Transformational Bliss of Borrowing Your Office Clothes
Rent the Runway’s Unlimited service saves working women something more valuable than money: their time.

"Though Rent the Runway was originally conceived as a solution for women who didn’t want to invest in party-wear they might use only once, Unlimited has become a strategic solution for professional women...

Vic Fuchs on desirable health insurance overhaul

In JAMA (gated:(.  Vic isn't optimistic about the political prospects of large scale reform of health insurance, but he has some thoughts about where we've gone wrong, and where we might try to go.

November 27, 2018
How to Make US Health Care More Equitable and Less Costly
Begin by Replacing Employment-Based Insurance
Victor R. Fuchs, PhD1
JAMA. 2018;320(20):2071-2072. doi:10.1001/jama.2018.16475

"With few exceptions, employment-based insurance is administered by health insurance companies. In consultation with employers, many of whom are self-insured, the insurance companies design benefit and premium schedules, negotiate reimbursement rates with hospitals and physicians, and approve or disapprove medical center, physician, and patient claims. There are only a few very large health insurance companies and many small ones, but none has been successful in restraining expenditures. The inability of large insurance companies to bargain more effectively with hospitals and physicians is a systemic problem.

"Most health care is delivered locally and, partly as a result of mergers and acquisitions, a predominant or premier hospital and affiliated physicians in a local market may have more bargaining power than even the largest insurance company. In some markets, a large insurance company is forced to pay more than twice the Medicare fee in part to retain a popular health care system on its plan.
...

"Box 1.

Characteristics of an Alternative Approach to Employment-Based Insurance

• Universal eligibility: Unlike employment-based insurance and many of the special government programs with sharply defined eligibility criteria, everyone would be insured for comprehensive health care, including hospital care, physician and other professional services, and prescription medications.
• Funding: This would come from a broad-based tax dedicated to health care.

...

Box 2.

Suggested Guidelines for an Alternative Approach to the Organization and Delivery of Medical Care

• Rely as much as possible on private-sector responsibilities and initiatives
• Limit the government’s role to broad decisions that do not require a large bureaucracy to implement
• Give consumers a choice of health care plans at annual enrollment. In contrast, giving insured patients a choice for individual hospitals and physicians leads to higher not lower expenditures. Choice should also include the right of individuals to buy more than the basic plan that would be paid for with their after-tax dollars.
• Provide for competition among health plans; this will be more valuable than competition among individual physicians.⁷ Competition should focus on service and quality of care.
• Develop reimbursement methods other than fee-for-service. Some economists maintain that risk-adjusted capitation payment to plans is the best way to achieve cost-effective care. Plans receiving capitation payment could offer productivity incentives to physicians if desirable."

Economic engineers as classical liberals

I received a book in the mail the other day called
Where Economics Went Wrong
Chicago's Abandonment of Classical Liberalism
by David Colander and Craig Freedman

If you just google the title without the subtitle, you find that there's an enormous body of opinion on where Economics went wrong.  But as the publisher states on the book's webpage (linked above) this book is about "How modern economics abandoned classical liberalism and lost its way."

My limited personal experience is that whenever my name appears in this kind of discussion, the authors disapprove of market design, or experiments, or both. So I was relieved to find myself missing from the first chapter, and surprised to find my work described instead in the final chapter, called "The Art and Craft of Economics: The Classical Liberal Attitude," which is organized around a brief set of profiles.

They write (p141) that they can't recommend any specific set of rules to become a good economist, "But what can be provided is a sketch of how we believe applied economics policy analysis should be done, or at least a rough version of that approach.  In this chapter we provide that guidance by sketching out the work of six economists whom we see as exemplifying the Classical Liberal method.  Our methodological suggestion to economists is to emulate them; consider their writings carefully and decide what aspect might apply legitimately to a variety of contexts."

and (p144): "The best way of conveying our conception of what is at least suggestive of a Classical Liberal stance is to present a handful of economists who, in our view, reflect this attitude. We have chosen six economists: Edward Leamer, Ariel Rubinstein, Alvin Roth, Paul Romer, Amartya Sen, and Dani Rodrik. ... We are not singling out any one of their specific practices as a model that should be followed assiduously. Instead, we are suggesting that they provide role models that might fruitfully be emulated by any cohort of young economists."

Avinatan Hassidim (and market design) and Katrina Ligett (and privacy) celebrated in Israel

"The Marker," the biggest economic newspaper in Israel, includes two researchers who will be familiar to many readers of this blog in their list of "40 under 40" .

Here's their writeup on Avinatan Hassidim, a computer scientist and market designer at Bar Ilan University:
אבינתן חסידים, 37
"Among other things, Hassidim led the development of an algorithm for embedding doctors in Israel in a residency internship in hospitals (instead of the lottery method) and in recruiting students for a master's degree in psychology for the study programs. Today he is working on developing a system for placing graduates of law studies in Israel in places of specialization."
***********

Here's his web page: Avinatan Hassidim
"My main research interests are auction theory, mechanism design, cake cutting, algorithmic game theory and approximation algorithms. My works have been used to devise the Israelli Medical Interns Lottery, the Israelli Psychology Match and to assign children to schools in various cities in Israel. "
**************

Earlier related posts:

Thursday, March 26, 2015

Redesigning the Israeli Medical Internship Match

Monday, July 14, 2014

Two new labor market matching mechanisms in Israel: for psychologists, and doctors

***************
And here's The Marker on computer scientist Katrina Ligett,
קתרינה ליגת,
who is singled out for her work on differential privacy (including how privacy can have counterintuitive consequences in equilibrium), among other things.


HT: Ran Shorrer
***********

Update: Itai Ashlagi points out to me that Ya'akov Babichenko of the Technion, who studies learning in games, is also on the list:

יעקב בביצ'נקו

Transplantation is one of the casualties of Venezuela's economic crisis

The Pulitzer Center reports:

The Waiting List: Organ Transplants in Venezuela

"The government-managed organ procurement system that facilitated organ donations for transplant patients stopped working in 2017, leaving thousands of patients with no option to receive a transplant.

"The country has seen the number of kidney transplants from deceased donors performed every year drop from a record of 240 in 2012,to only nine in 2017. Government funding for transplant activity has also been curtailed, making it harder for low-income patients to obtain a transplant. This procedure has now become a luxury only the wealthiest patients can afford. "

Is legal commercial surrogacy coming to New York and Michigan?

New York and Michigan are two states in which  surrogacy is illegal, but the winds of change are blowing, with new legislation that would legalize it introduced, but not yet passed.  (My understanding is that in both states, surrogacy contracts are presently unenforceable, and there are criminal penalties for commercial contracts.)

Possible changes in New York's surrogacy law are discussed in the New York Law Journal:

Surrogacy in New York: Boon or Bane?
By Harriet Newman Cohen and Kristen E. Marinaccio | July 27, 2018

"New York, like many other states, enacted legislation prohibiting surrogacy agreements following the heartbreaking drama of Baby M. Three decades later, New York is one of just four states1 that still bans surrogacy agreements—however, that soon may change. This article will discuss the proposed legislation known as the “Child-Parent Security Act of 2017” (CPSA) which would lift the ban on surrogacy agreements in New York. It will explore the subtle and not so subtle benefits and burdens that may ensue if the legislation is passed.
...

"Baby M’s Influence on N.Y. Law Makers
In the mid-1980’s, before Baby M, many states including New York were considering enacting legislation to regulate surrogacy agreements.2 By early 1987, a bill was pending in the New York Legislature.3 That same year, just across state lines, in New Jersey, an emotional legal battle was being waged against a traditional surrogate, Mary Beth Whitehead, when she refused to surrender “Baby M” to the intended parents, Elizabeth and William Stern.4 The dramatic media coverage of the Baby M case, which included images of the police forcibly removing the baby from Ms. Whitehead’s arms, quickly caught the public’s attention.5 By June, 1987, facing fierce opposition from feminist and religious lobby groups, a seemingly antithetical coalition, the pending bill in New York was withdrawn.6

"In 1988, the New York State Task Force on Life and the Law unanimously concluded that New York should discourage traditional and gestational surrogacy agreements.7 In 1992, the New York State Legislature adopted that recommendation, declaring all surrogacy agreements void and unenforceable.8"
*************

In Michigan, two bills introduced (but not yet passed):

SENATE BILL No. 1082 September 5, 2018, Introduced by Senators WARREN, ANANICH, CONYERS and YOUNG and referred to the Committee on Families, Seniors and Human Services.      A bill to establish gestational surrogate parentage contracts;  to allow gestational surrogate parentage contracts for  compensation; to provide for a child conceived, gestated, and born  according to a gestational surrogate parentage contract; to  prescribe the duties of certain state departments; to provide for  penalties and remedies; and to repeal acts and parts of acts.

The companion SENATE BILL No. 1084 provides for an appropriate birth certificate with the intended parents as the parents.

The Guardian celebrates British kidney exchange

One day. Six operations. Three kidneys. The story of an organ donor chain


"The process relies on logistical masterminding by staff at the UK’s 23 transplant centres, as much as it does on the mind-boggling computer science it’s built around. Ideally, all the operations in a chain are scheduled to take place on the same day, within eight weeks of a matching run, and only after everyone has been painstakingly assessed to ensure the matches will work and they are well enough for surgery.

"It’s a curiously under-recognised scheme, among the general public at least, but its impact is growing every year. The first UK kidney exchange took place in 2007, with a two-way swap between four people. In 2017/18, 127 of the 1,010 living kidney transplants carried out – one in eight – came about as a result of the sharing scheme. It’s also a British success story: the UK far outstrips any other country in Europe in this field, carrying out about half of all the transplants made possible by sharing schemes."

**********

And here's the NHS Blood and Transplant's ANNUAL REPORT ON LIVING DONOR KIDNEY TRANSPLANTATION REPORT FOR 2017/2018 (1 APRIL 2003 – 31 MARCH 2018)

"Key findings
• There were 940 adult living donor kidney transplants performed in the UK in
2017/18 an increase of 12 transplants compared to 2016/17. Of these, 449 (421 in
2016/17) were related, 237 (236 in 2016/17) were unrelated, 5 (18 in 2016/17) were HLAi, 41 (64 in 2016/17) were ABOi, 123 (109 in 2016/17) were paired/pooled and 85 (80 in 2016/17) were altruistic donor transplants. The equivalent number of paediatric transplants was 70, an 3% decrease from the previous year.
• The proportion of living donors across the UK being prescribed anti-hypertensive drugs is 5% at one year, 7% at five years and 11% at ten years post donation.
• Serum creatinine for living donors in the UK is 104 (IQ-range 90-121) at one year, 96 (84-111) at five years and 93 (81-106) at ten years post donation.
• The UK rate of graft survival five years after adult living donor kidney transplant by type is; unrelated 94%, related 92%, HLAi 81%, ABOi 87%, Paired exchange 95% and Altruistic 91%.
• 38% of registered patients have been transplanted and 63% of identified transplants proceed."

Economic design in Budapest, June 2019 (submissions are open now)

Paper submissions are now invited for the

2019 Conference on Economic Design: Budapest, Hungary, June 12-14, 2019

The Scope:

The conference welcomes paper submissions from many different fields such as economics, business, finance, politics, computer science, operations research, law, history relevant to mechanism or institution design in a broad sense, regardless of whether contributions are theoretical, empirical, experimental, historical or practical. Subjects include but are not limited to auctions, matching, school choice, college admission, organ exchange, decentralised markets, random market mechanisms, voting, social choice, taxation, tax reform, coalition formation, price formation, ranking and scoring, measurements of power and influence, contest, fair division, contract, bargaining, negotiation, market design implementation, pricing on electricity, pricing on public utilities, pricing on cloud computing services, online allocation mechanisms, online auctions, market design experiments, public goods experiments, behavioural mechanism design, information and incentive, digital sport market for labour, market design in transportation sector, institution and organisation, health care, health policy, health insurance, pension scheme, fiscal policy, monetary policy, growth and development, performance evaluation, arbitration, patent design, governance, refugee assignment, robust mechanism design, matching in dynamic environments, rationality and irrationality in market design, etc.

The Keynote Speakers are:

Leonid-Hurwicz Lecture: Philippe Jehiel (Paris School of Economics)

Murat Sertel Lecture: Bhaskar Dutta (University of Warwick)

Paul Kleindorfer Lecture: Bumin Yenmez (Boston College)

Important Dates:

Paper Submission Opens: 19-Nov-2018

Paper Submission Deadline: 18-Feb-2019

Some movement towards kidney exchange in Germany

Axel Ockenfels writes:

"On 9 November 2018, members of the parliament of the German liberal party FDP submitted a petition ("Chancen von altruistischen Organlebendspenden nutzen – Spenden erleichtern") to ask the German government to draft a law that makes kidney exchange, non-directed altruistic kidney donations into a pool and, under certain circumstances, directed kidney donations to strangers possible in Germany": 
Chancen von altruistischen Organlebendspenden nutzen – Spenden erleichtern
"Make use of the opportunities of altruistic organ donation - make donations easier"

It calls for specific amendments to remove the current legal restrictions on kidney exchange.

German market design economists have been at the forefront of efforts to change the transplant law in this and other respects.

Here's an earlier post on the subject, whose links contain links to still earlier ones--maybe this series will converge soon in a way that reverses the decline in transplantation in Germany:

Tuesday, July 3, 2018

Obstacles to kidney exchange in Germany

Professional line sitters: Giving the gift of time

Have an urgent need to shop Black Friday bargains, but don't like waiting on lines in the cold and dark?  There's a business that will take care of that for you...

Professional Line Sitters Make Up to $35 an Hour — And This Is Their Busiest Time of the Year

Some links if you're too busy to read the story:
Skip the line (STL) inWashington DC
Same Ole Line Dudes in New York City
InLine4You an app for both sides of the market

"The Supreme Court website says security starts admitting people to oral argument sessions at 9:30 a.m., but “visitors may begin lining up on the Front Plaza as early as they feel comfortable” — which sometimes means four days in advance. The average SCOTUS wait time Goff gets tapped for runs about five hours (she charges $35 per hour), with occasional overnight requests for big cases like the travel ban and Masterpiece Cakeshop v. Colorado Civil Rights Commission."

Kidney exchange in Turkey, some recent reports

Here are an academic paper on the kidney exchange program at Baskent University, and a news story about a kidney exchange in Turkey between two Ukranian patient-donor pairs:

Our Experience with Paired Kidney Exchange Transplantation
Haberal, Mehmet; Akdur, Aydincan; Karakayali, Feza Yarbug; Ozcelik, Umit; Moray, Gokhan; Kulah, Eyyup; Inal, Ali; Torgay, Adnan; Arslan, Gulnaz
Transplantation: July 2018 - Volume 102 - Issue - p S499

"Seven pairs were matched from July 2015 to September 2017 and we performed 14 PKE (5 women, 9 men) transplants. Mean recipient age was 49.8±11.5 (range: 23-61) and mean donor age was 50.4± 12.4 (range: 38-64) years. Five of the donors were fathers, one of them was a mother, 3 were husbands and 5 were wives. Mean mismatch ratio was 5±1 (range: 3-6). Reason for exchange was ABO incompatibility for 10 patients and positive crossmatch and presence of donor specific antibodies for 4 patients. All were 2-way donations. Median waiting time for getting suitable donor after registration was 3 months. Two of the recipients were retransplanted and desensitization with plasmapheresis was needed for panel reactive antibody positivity. One patient underwent preemptive kidney transplant.
...
"ABO incompatibility continues to pose a serious problem for transplantation candidates, especially in kidney and liver transplants. Our small series shows that PKE transplantation is an alternative for patients without a viable living-related donor or deceased compatible donor organ."
************

Kidney swap in Turkey offers new life to 2 Ukrainians
Coming from Ukraine, Valeriy Horobets, Viacheslav Shcherbyna undergo paired kidney exchange surgery in Istanbul, October 16, 2018

At Medicana International Istanbul Hospital ,
"Two Ukrainian citizens welcomed their new lives in Turkey after a cross-kidney transplant surgery in Istanbul."

Global kidney exchange celebrated together with the Declaration of Istanbul, in the AJT

Here's the recent AJT Report from the American Journal of Transplantation,

which touches on various aspects of kidney politics, including global kidney exchange:

Ten‐Year Celebration ofthe Declaration of Istanbul

Lara C. Pullen

First published: 29 October 2018

https://doi.org/10.1111/ajt.15138

Abstract  "This month's installment of “The AJT Report” discusses updates to the Declaration of Istanbul on this key achievement's 10th anniversary. We also report on Italy's recommendation earlier this year regarding the Global Kidney Exchange, and join the transplantation community in bidding farewell to writer and “The AJT Report” originator, Susan Pondrom."

Here's the part about Global Kidney Exchange :

"

Italy Recommends Global Kidney Exchange to the World Health Organization

"In January 2018, Italy recommended a proposal for a global kidney exchange (GKE) to the World Health Organization (WHO).1 The recommendation was part of a collection of statements submitted by Member States and other participants of the 142nd session of the WHO Executive Board.

"Michael Rees, MD, PhD, a kidney transplant surgeon at the University of Toledo Medical Center in Ohio, and Alvin Roth, PhD, a Nobel Prize–winning economist at Stanford University in Palo Alto, California, launched GKE to address the reality that poverty is the biggest global barrier to transplantation and to develop a means for poor people from developing countries to donate and receive organs.2 At its core, GKE is a system to support transplant surgeons in their efforts to help people who are not only very sick and dying, but also too poor to afford dialysis. The system is also controversial in the transplantation community and has been associated with logistical barriers. Even so, Dr. Rees and Dr. Roth remain dedicated to seeing the system developed and implemented around the world.

"The statement from Italy represents a significant endorsement of GKE. It notes that internationally, 2 million to 7 million people die annually from kidney failure, and that kidney disease and other noncommunicable diseases have replaced communicable diseases as the most common causes of premature death worldwide. However, as billions of dollars are spent in low/middle‐income countries (LMICs) to reduce the burden of communicable diseases, significantly less is spent on noncommunicable diseases such as kidney failure. The statement asserts that not only is transplantation the preferred treatment for kidney failure, but that kidney exchange makes it possible to extend the reach of living donation, and for healthy living donors whose kidneys are incompatible with loved ones to exchange their kidneys for those that are compatible with the people they love.

"The first of Italy's action items stated, “We encourage WHO to include organs and in particular kidney transplantation in its program as we believe that oversight, cooperation and assistance of the WHO to carry out a pilot program with strong international governance that is consistent with the highest ethical and legal standard, and that carefully approves participating countries, facilities, healthcare providers and patient–donor pairs should be conceived and implemented.” Italy's statement referred to GKE, noting that such a program allows patients to receive a compatible kidney from another patient's donor. The statement also noted that the savings attained in high‐income countries could support long‐term care of the LMIC donor and recipient in their home country.

"This request sits in conflict with the 2017 Statement of the Declaration of Istanbul Custodian Group concerning ethical objections to the proposed GKE Program.3"

• 1Italian Government. Statement from Italy. WHO, Geneva, Switzerland, 2018. Retrieved from http://apps.who.int/gb/statements/eb142/PDF/22/Italy-3.1.pdf.
• 2Pullen LC. Global kidney exchange: Overcoming the barrier of poverty. Am J Transplant. 2017;17:2499‐2500.
  Wiley Online LibraryPubMedWeb of Science®Google ScholarFind it @ Stanford
• 3Declaration of Istanbul Custodian Group. Statement of the Declaration of Istanbul Custodian Group Concerning Ethical Objections to the Proposed Global Kidney Exchange Program. 2017. Retrieved from https://www.declarationofistanbul.org/resources/policy-documents/795-statement-of-the-declaration-of-istan-bul-custodian-group-concerning-ethical-objections-to-the-proposed-global-kidney-exchange-program
• ***********
• The statement by the group that calls itself the 'Declaration of Istanbul Custodian Group,' is a very strange document: it opposes GKE, on the basis of a series of misleading, confused and sometimes outright false statements about it, and recommends that patients in poor countries who presently cannot afford transplantation should wait until their countries become wealthy enough to provide transplantation to all their citizens domestically, for fear that they would be exploited by being allowed to participate in what for them would be life-saving kidney exchange in countries that have it.
• Of course, the goal of having all nations able to adequately take care of their citizens who need transplants is worth working towards. No nation can yet claim to have reached that point, and international cooperation is a step in that direction.

See all my posts on Global Kidney Exchange here.

Repugnance watch: Dwarf tossing and the DC Circuit Court of Appeals

When I first wrote about repugnant transactions in Roth (2007), dwarf tossing was among the examples I used.  Many blog posts about repugnance later, it was with a sense of recognition that I read the following story from Mother Jones about President Trump's latest nomination to the federal appellate courts:

Trump’s Nominee to Replace Kavanaugh Is a Staunch Defender of Dwarf-Tossing
Neomi Rao is best known as Trump’s anti-regulation czar, but she’s a veteran of the culture wars.

"Neomi Rao, Trump’s nominee to replace Brett Kavanaugh on the powerful DC Circuit, who has written at least two law review articles and a blog post in which she defended dwarf-tossing.

"Especially popular in Florida bars, dwarf-tossing is the strange spectacle in which competitors throw Velcro-clad little people at a wall or mattress like a shotput. The longest toss wins. The sport has been banned in some American states and parts of France, where a judge upheld such bansbecause of “considerations of human dignity.” Rao considers these laws an affront to individual liberty that fails to recognize the right of the dwarf to be tossed. In one article, she wrote that the decision in France upholding the dwarf-tossing ban was an example of “dignity as coercion” and that it “demonstrates how concepts of dignity can be used to coerce individuals by forcing upon them a particular understanding of dignity.”

"Dwarf-tossing is an odd cause for a federal judicial nominee to champion. Even weirder, Rao has invoked it repeatedly in her writing to make the case that a misguided focus on human dignity is leading US courts to run afoul of the Constitution in decisions that advance LGBT rights and racial equality. "

HT: Kim Krawiec

Congratulations to Fuhito Kojima, on the Enjoji Jiro Memorial Prize

My colleague Fuhito Kojima has a lot to be congratulated on lately, and today comes another cause for congratulations.  He shares the 5th Enjoji Jiro Memorial Prize by the Japan Center for Economic Research. The prize recognizes 'young and mid-level economists under 45 years of age who have made achievements in the field of economic theory, and have a promising future.'

Here's the story from today's Nikkei Shimbun Morning Paper:

第5回「円城寺次郎記念賞」 小島・渡辺両氏に

2018/11/18付

日本経済新聞　朝刊

"The 5th "Jiroji Jiro Memorial Award" To Mr. Kojima and Mr. Watanabe"

Congratulations, Fuhito!

**********
I used Google translate to translate the headline, but for the following paragraph it had trouble with a word that I gather in this context means "between junior and senior in age/career," which came out as saying that Fuhito is a "young and medium-sized economist ." (The description of the prize above comes from an English language report on the 2009 prize...)

The resident match can be confusing, in PNAS by Alex Rees-Jones and Samuel Skowronek

Here's a recent paper in PNAS, |
An experimental investigation of preference misrepresentation in the residency match
Alex Rees-Jones and Samuel Skowronek
www.pnas.org/cgi/doi/10.1073/pnas.1803212115

"The development and deployment of matching procedures that incentivize truthful preference reporting is considered one of the major successes of market design research. In this study, we test the degree to which these procedures succeed in eliminating preference misrepresentation. We administered an online experiment to 1,714 medical students immediately after their participation in the medical residency match—a leading field application of strategy-proof market design. When placed in an analogous, incentivized matching task, we find that 23% of participants misrepresent their preferences. We explore the factors that predict preference misrepresentation, including cognitive ability, strategic positioning, overconfidence, expectations, advice, and trust. We discuss the implications of this behavior for the design of allocation mechanisms and the social welfare in markets that use them

Black markets for marijuana in Canada, where marijuana is now legal

Here are some accounts of the bumpy road to a thick legal market for marijuana:

From the NY Times, on how stores continue to sell not yet legalized products still available on the black market:
Vancouver, Canada’s Marijuana Capital, Struggles to Tame the Black Market

From the Guardian, on the shortage of legal product in face of strong demand:
Weed woes: Canada struggles to meet huge demand for legal cannabis
Numerous stores dealing with empty shelves and disgruntled customers, with fears many consumers will turn to black market

“Now that we can’t supply them, they’re still going to find it,” [a legal supplier with empty shelves] said. “There’s no shortage of weed in Labrador City. Just the legal stuff.”

Xenotransplants: the (evergreen) promise of transplantable organs from pigs

Wouldn't it be great if the shortage of transplantable organs could be fixed by figuring out how to grow them in farm animals? (Yes, that would raise a bunch of issues of its own, but so does meat eating...)

The NY Times has the story of how that might be closer than it has been in the past:
20 AMERICANS DIE EACH DAY WAITING FOR ORGANS. CAN PIGS SAVE THEM?
THANKS TO GENETICALLY ENGINEERED PIGS, THE DONOR-ORGAN SHORTAGE COULD SOON BE A THING OF THE PAST.


It includes lots of promising news, and this observation:
“The joke about xenotransplantation is that it’s always just around the corner, and it always will be,” says Parsia Vagefi, the chief of surgical transplantation at the University of Texas Southwestern Medical Center in Dallas. “But recent progress has been so remarkable that for first time it feels like we’re on the verge of a definitive solution to the organ crisis.”
*************

And of course, note that many more than 20 Americans die each day due to a shortage of organs:

Wednesday, November 14, 2018

The Terrible Toll of the Kidney Shortage, by McCormick, Held and Chertow

The law and economics of market design: conference in Mannheim November 15-16

The program is here, but for some reason I can't copy it.
Kim Krawiec and Peter Cramton will be giving keynote addresses.

Market design seems like a natural for a conference on law and economics...

The Terrible Toll of the Kidney Shortage, by McCormick, Held and Chertow

An editorial in the Journal of the American Society of Nephrology counts the high human costs of the kidney shortage in terms not only of deaths among those on the waiting list for a deceased donor transplant, but also among the other three-fourths of kidney failure patients who are not added to the waiting list but who would medically benefit from a transplant.

The Terrible Toll of the Kidney Shortage,
by Frank McCormick, Philip J. Held, and Glenn M. Chertow

"to see the full extent of the harm done by the kidney shortage and the potential benefit from ending it, let us assume that 50% of those who are diagnosed with ESRD could medically benefit from a transplant. (This assumption is consistent with the findings of Schold et al. 5 that, if all of the patients on dialysis who have a life expectancy of >5 years were placed on the kidney waiting list, the number on the list would almost double.) Thus, half of the 126,000 patients who are currently diagnosed with ESRD each year—63,000 patients—might medically benefit from a transplant. However,if only 20,000 patients per year receive a transplant, the remaining 43,000 would join the growing toll of those who die prematurely because of the kidney shortage. To put this in perspective, this is the same death toll as from 85 fully loaded 747s crashing each year.

*************

See my earlier post on earlier, defining work on the costs of the organ shortage:

Saturday, October 17, 2015

A Cost-Benefit Analysis of Government Compensation of Kidney Donors by Held, McCormick, Ojo, and Roberts

Welfare of sophisticated versus naive players revisited, by Babaioff, Gonczarowski, and Romm

Here's a new paper with a nuanced view of how well sophisticated players may do in a non-strategy-proof mechanism:

Playing on a level field: Sincere and sophisticated players in the Boston mechanism with a coarse priority structure
Moshe Babaioff, Yannai A. Gonczarowski, Assaf Romm∗
October 15, 2018

Abstract: Who gains and who loses from a manipulable school choice mechanism? We examine this question with a focus on the outcomes for sincere and sophisticated students,and present results concerning their absolute and relative gains under the manipulable Boston Mechanism (BM) as compared with the strategy-proof Deferred Acceptance (DA). The absolute gain of a student of a certain type is the difference between her expected utility under (an equilibrium of) BM and her utility under (the dominant strategy quilibrium of) DA. Holding everything else constant, one type of a player has relative gain with respect to another type if her absolute gain is higher. Prior theoretical works presented inconclusive results regarding the absolute gains of both types of students, and predicted (or assumed) positive relative gains for sophisticated types compared to sincere types. The empirical evidence is also mixed, with different markets exhibiting very different behaviors. We extend the previous results and explain the inconsistent empirical findings using a large random market approach. We provide robust and generic results of the “anything goes” variety for markets with a coarse priority structure. That is, in such markets there are many sincere and sophisticated students who prefer BM to DA (positive absolute gain), and vice versa (negative absolute gain). Furthermore, some populations may even get a relative gain from being sincere (and being perceived as such). We conclude by studying market forces that can influence the choice between the two mechanisms.