Friday, August 20, 2010

A four-way exchange in basketball

A regular reader alerts me to a four-way exchange in basketball (for all of you who thought those were just for kidney exchange:)
"Wednesday's four-team trade between Houston, Indiana, New Jersey and New Orleans featured the Hornets' young point guard, Darren Collison, going to Indiana, and the Rockets sending forward Trevor Ariza to New Orleans. The Rockets also got guard Courtney Lee from the Nets, while the Nets acquired forward Troy Murphy from Indiana. Indiana took on veteran forward James Posey from New Orleans to complete the deal."

Thursday, August 19, 2010

Roommate matching and the social internet

Roommate matching continues to evolve, with Facebook playing a key role: Students Turn to Online Roommate Matching Services to Avoid Getting Paired With a Stranger (HT: Mike Ruberry)

The Chronicle gives a good description: Colleges Use Facebook to Let Freshmen Find Their Own Roommates
"This summer, incoming freshmen at five universities can use a Facebook application to find their roommates. Students can use the application, RoomBug, to fill out forms about their preferences for living and qualities they'd like to see in a roommate. Students can then request a match, which the other incoming freshman must confirm.
RoomBug is hardly the first service to let students match themselves: Tulane University announced a partnership with online service RoommateClick two years ago.
But RoomBug, which the company U-Match LLC just rolled out at Emory University, the University of Florida, Temple University, Wichita State University, and William Paterson University of New Jersey, tries to go where the students are.
"Everyone is on Facebook," says Robert Castellucci, the service's co-founder and sales director.
Over a quarter of the University of Florida's incoming freshmen have added the Facebook application, he says, but numbers on how many matches the service helped make are not yet available."

Maureen Dowd regrets the trend, writing in her NY Times column
"The serendipity of ending up with roommates that you like, despite your differences, or can’t stand, despite your similarities, or grow to like, despite your reservations, is an experience that toughens you up and broadens you out for the rest of life.

"So I was dubious when I read in The Wall Street Journal last week that students are relying more on online roommate matching services to avoid getting paired with strangers or peers with different political views, study habits and messiness quotients."

Wednesday, August 18, 2010

Pet food

Luke Stein at Stanford points me to Brian Palmer's column in Slate about where it is illegal to eat pets: Is it legal to eat your cat?

"Few states have specific laws barring the use of pets for food. The ones that do typically ban the slaughter or sale of dog and cat meat. The state of New York expressly prohibits "any person to slaughter or butcher domesticated dog (canis familiaris) or domesticated cat (felis catus or domesticus) to create food, meat or meat products for human or animal consumption." It's not clear whether the eating itself is outlawed or only the butchery. If you managed to buy dog or cat flesh from someone else who broke the anti-slaughter law, you might be OK. The law also doesn't cover ferrets, gerbils, parakeets, or other less familiar pet species. (Although the general anti-cruelty law might protect exotics.)

"California's anti-pet-eating law has a broader reach. It bars possession of the carcass, so having bought your cat steaks from someone else wouldn't be a useful alibi. The California law also protects "any animal traditionally or commonly kept as a pet or companion," rather than just Fido and Fluffy. The statute is somewhat untested, though, so no one really knows which animals are included. Pigs are not, even though they are commonly kept as pets, because they are farm animals. Horses are specifically covered by a different section of the code. There's no precedent on iguanas, goldfish, or boa constrictors.

"In most of the country, the legality of pet-eating would come down to the specific language of the general animal cruelty statute and how a judge interpreted it. Some states, such as Virginia, bar the unnecessary killing of an animal, with a specific exemption for "farming activities." In those places, it's very likely that killing a cat for dinner would get you in trouble, because the killing wouldn't be necessary, and cats aren't commonly associated with farming.
...
"Worldwide, cat and dog meat seem to be at a crossroads. China pulled dog meat off the market for the 2008 Beijing Olympics and is considering a law barring it permanently. South Korea, on the other hand, has inched toward explicitly legalizing the widespread and officially tolerated dog-meat trade."

Back in February, Roger Cohen described eating dog in China: Dog Days in China
"Now, we are appalled in the West at the notion of eating dog while considering it natural to have a dog as a pet — I own a Beagle myself (“Ned”) and I’m very fond of him. This is the inverse of the preponderant Western view of pigs: fine to eat (religious objections aside) but not to pet."

On a related matter, Abe Othman  writes about Horseflesh and Hypocrisy

"Remember, if they can come after the horse slaughterers, they can come after the hedge funds. So if you really believe in free markets, have some horse today!"

And see my earlier post: Why can't you eat horse meat in the U.S.?

This raises the question of why some people are disgusted by the idea of eating horse meat.
Michael Webster points me to the Boston Globe article "Ewwwwwwwww! The surprising moral force of disgust," which reports on a recent conference of psychologists.

"Psychologists like Haidt are leading a wave of research into the so-called moral emotions — not just disgust, but others like anger and compassion — and the role those feelings play in how we form moral codes and apply them in our daily lives. A few, like Haidt, go so far as to claim that all the world’s moral systems can best be characterized not by what their adherents believe, but what emotions they rely on.

"There is deep skepticism in parts of the psychology world about claims like these. And even within the movement there is a lively debate over how much power moral reasoning has — whether our behavior is driven by thinking and reasoning, or whether thinking and reasoning are nothing more than ornate rationalizations of what our emotions ineluctably drive us to do."

See my earlier post on this, Repugnance and/or disgust.

Tuesday, August 17, 2010

Unraveling of law internships in Israel

I recently wrote about the Unraveling of law firm interviews of 2nd year students in the U.S.  It turns out that something similar is facing Israeli law students.

Assaf Romm, who just moved from Israel to Boston to study for a Ph.D. at Harvard writes:
"The Israeli market for law interns suffers from congestion. Recent ruling (first published today, see below) is that preliminary interviews could only be scheduled on third year of studies. I have many friends who were law students, and most of them signed a contract around their second year, where the interviews are scheduled around first year. Most of the interviews are conducted around the same period, and the firms are invited to the universities on certain date.

"Another interesting feature which isn't mentioned in the article is that there is also a very deep problem with the coordination between the interviews to public sector internships and private sector internships. Some (but only a very small number) of positions in the public sector are much more prestigious than any in the private section (specifically, the supreme court internships and the "Bagaz" department are considered best). Because of that, firms always make exploding offers before the public sector interviews even begin. A future-intern who decides to reject the firms' offers is usually making a high-stakes bet, because even the best cannot be sure they will get the good public internships, and if they don't get it they have to wait another year to start their internship in the private sector."

"The Hebrew article: http://www.ynet.co.il/articles/0,7340,L-3938299,00.html

"I couldn't find English translation. Here is Google translate (not a very good one, but understandable): http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&layout=1&eotf=1&u=http://www.ynet.co.il/articles/0,7340,L-3938299,00.html&sl=auto&tl=en "

Update: apparently this is an issue of long standing, Itai Ashlagi sends this story from Haaretz in 2008. Law students to apply for internships only from third year :
Israel Bar Association's council approved the rules governing job offers for internships, though they still require the justice minister's approval.

"In recent years, law students have started arranging a place for doing their articles as soon as they start their studies, said attorney Orrin Persky, the head of the Bar Association's committee on internships. He explained that this pressure emanated from both the students and the law firms and has created a market failure for finding such posts.


"In addition, there are a large number of complaints about students canceling their internship positions, which they had agreed to a year or two earlier.

"The new rules would require firms and all other bodies providing internships, such as the State Attorney's Office, to start interviewing no earlier than March 15 of the student's third year for the internship that will start in the following calendar year. "

"Social" science

A novel kind of crowd-sourcing is described in: In a Video Game, Tackling the Complexities of Protein Folding

"Proteins are essentially biological nanomachines that carry out myriad functions in the body, and biologists have long sought to understand how the long chains of amino acids that make up each protein fold into their specific configurations.

"In May 2008, researchers at the University of Washington made a protein-folding video game called Foldit freely available via the Internet. The game, which was competitive and offered the puzzle-solving qualities of a game like Rubik’s Cube, quickly attracted a dedicated following of thousands of players.

"The success of the Foldit players, the researchers report in the current issue of Nature, shows that nonscientists can collaborate to develop new strategies and algorithms that are distinct from traditional software solutions to the challenge of protein folding.

"The researchers took pains to credit the volunteers who competed at Foldit in the last two years, listing “Foldit players” at the end of the report’s author list and noting that more than 57,000 players “contributed extensively through their feedback and gameplay.” "

Monday, August 16, 2010

The (changing) market for law professors

The New Realities of the Legal Academy by Lawrence B. Solum

 "Abstract: This short paper is the Foreword to Brannon P. Denning, Marcia L. McCormick, and Jeffrey M. Lipshaw, Becoming a Law Professor: A Candidate's Guide, American Bar Association, Forthcoming.

"One of the great virtues of Denning, McCormick and Lipshaw’s guide is that it reflects the changing nature and new realities of the legal academy. Not so many years ago, entry into the elite legal academy was mostly a function of two things - credentials and connections. The ideal candidate graduated near the top of the class at a top-five law school, held an important editorial position on law review, clerked for a Supreme Court Justice, and practiced for a few years at an elite firm or government agency in New York or Washington. Credentials like these almost guaranteed a job at a very respectable law school, but the very best jobs went to those with connections - the few who were held in high esteem by the elite network of very successful legal academics and their friends in the bar and on the bench. The not-so-elite legal academy operated by a similar set of rules. Regional law schools were populated by a mix of graduates from elite schools and the top graduates of local schools, clerks of respected local judges, and alumni of elite law firms in the neighborhood. In what we now call the "bad old days," it was very difficult indeed for someone to become a law professor without glowing credentials and the right connections.

"But times have changed. When the Association of American Law School’s created the annual Faculty Recruitment Conference (or FRC) and the associated Faculty Appointments Register (or FAR), the landscape of the legal academy was forever changed. The change was slow in coming. For many years, candidates were selected for interviews at the FRC on the basis of the same old credentials and connections, but at some point (many would say the early 1980s), the rules of the game began to change. In baseball, a similar change is associated with Billy Beane, the manager of the Oakland Athletics, who defied conventional wisdom and built winning teams despite severe financial constraints by relying on statistically reliable predictors of success. The corresponding insight in the legal academy (developed by hiring committees at several law schools) was that the best predictor of success as a legal scholar was a record of publication. It turns out that law school grades, law review offices, and clerkships are at best very rough indicators of scholarly success. But those who successfully publish high quality legal scholarship are likely to continue to do so."
The paper itself is only 3 pages, and the abstract is a good summary...

Sunday, August 15, 2010

Matching services for friends?

Robin Hanson asks "Why Not Friend Match?" I.e. why are there dating sites but not friend sites?

That isn't to say that there aren't friend matching sites (e.g. here, and here, not to mention  Facebook), but nevertheless his conjecture strikes me as plausible: we (at least initially) draw our friends from the people and places we encounter for other reasons, since friends complement our other activities. Or, as he puts it:

"Since we need friends in substantial part to serve as allies in our social world, supporting us against opposing coalitions, it makes sense to draw our friends from our existing social world. And since we need mates more for their personal quality, e.g., good genes, youth, wealth, smarts, mood, etc., it makes sense to pick them more via such features."

Saturday, August 14, 2010

The international market for ironing boards

The Washington Post reports Indiana ironing-board factory faces stiff competition from Chinese companies.
"There is one factory left in the United States that manufactures the basic ironing board, and its survival against Chinese competition demands unrelenting, production-line hustle.
"The 200 people at the plant in this small town make their boards very, very cheaply and as fast as 720 in an hour. In three low-slung buildings without air conditioning, coils of cold-rolled steel are cut, welded, riveted and boxed, then loaded onto the Wal-Mart and Target trucks backed up to the loading dock. Paid with piece-rate incentives, workers emerge weary at shift's end.

"The people on the line are making pretty good money; it can work out to about $15 an hour," said Dave Waskom, 61, a tool and die maker who readied the plant's machinery for 37 years. "But they work like dogs."

"Yet loyalty and hard work are not enough.

The company survives in part because it convinced U.S. trade officials that Chinese firms were unfairly dumping ironing boards into the United States at less than fair-market value; in response, the United States levied anti-dumping taxes of 70 to more than 150 percent on its Chinese rivals."

Friday, August 13, 2010

Another live liver donation tragedy

Live liver donation remains much more dangerous than kidney donation: Donor dies after live liver transplant at CU Hospital


AURORA, Colo. - A man who agreed to donate part of his liver to help save his brother died just four days after the transplant procedure at The University of Colorado Hospital.


"It's the first death of a living liver donor in Colorado and only the fourth in the U.S.

"The death has led to a temporary halt of all live donor liver transplants at The University of Colorado Hospital. The hospital has also launched an investigation into what went wrong.

"It has reported the death to the Colorado Department of Public Health, which is conducting its own investigation.

"Ryan Arnold, 34, of Watertown, South Dakota died on August 2nd, just four days after his brother, Chad, 38, of Castle Rock, received part of his liver. "

There was an earlier death this year.

Suicide and organ donation

Assisted suicide is one of the persistently repugnant transactions, although it is the subject of a good deal of modern debate around the world. Here's a story likely to give you pause to think: Lou Gehrig's victim: Kill me for my organs 

"he ... compares his situation to a soldier in a foxhole throwing himself on a grenade to save his comrades.

"I am not suicidal," he says. "I just know that it is a matter of time before I die and wish to do a good thing for those people who have a good life expectancy"

Thursday, August 12, 2010

The market for celebrity endorsements

The story under this eye-catching headline sheds some light on the endorsement biz: Paris Hilton Sued for $35M for Wearing Wrong Hair

"A company that manufactures hair extensions claimed the 29-year-old socialite breached her contract to wear and promote their product when she sported the fake locks of a competitor in 2008.
Hairtech International Inc. is seeking $35 million in damages -- 10 times what she was apparently paid under the contract. The fraud and breach-of-contract suit cites the heiress' partying as contrary to Hairtech's marketing campaign.
The filing also claims Hilton missed a launch party for the hair extension line because she was serving a stint in jail in 2007. Hilton served 23 days in 2007 after she was caught driving twice on a suspended license while on probation for reckless driving.
The filing states the company's lost $6.6 million on the launch party alone, although a jury or judge will have to decide whether Hilton owes any money if the case goes to trial."

Language exchanges

Learning a Language From an Expert, on the Web reports on various communities of language learners who help each other out.
"Livemocha, a Seattle company with $14 million in venture capital financing, mixes a social network with lessons for more than 38 of the world’s more common languages.

"The initial lessons are free, but unlocking some of the additional features requires a fee to Livemocha (starting at $10 for a set of lessons) or an agreement to correct the work of others..."

"MyLanguageExchange.com just maintains lists of people who know certain languages and want to learn others. Anyone can search the database, but only gold members, who pay $24 a year, can send e-mail easily to others."
...
"RhinoSpike.com set up a market for recordings spoken by native speakers. Anyone can post a selection of text and anyone can post a recording."
...
"Companies like RosettaStone.com, GermanPod101.com, ChinesePod.com and a surprisingly large number of other Web sites are competing to offer lessons and tutoring to students throughout the world. I found dozens of others offering what was found only on PC software a few years ago.

...
"There are even more casual approaches that come with even less infrastructure and fewer of the protections for consumers that it may offer. It is easy to find, for instance, people who want to practice languages with a free phone call through the forums run by Skype. One click and you can talk free with someone who wants to practice another language. The standard protocol is to spend half the time on one language and half the time with the other.

"Some sites, like UsingEnglish.com, englishcafe.com and Englishbaby.com, are devoted to helping people practice English but add the elements of sharing photos and interests like a dating service. "

Wednesday, August 11, 2010

Education as a filter--for Supreme Court justices

Yale, Harvard Law Taking Over Supreme Court
"In a new paper, Patrick J. Glen, an adjunct professor at Georgetown University Law Center, researched the legal educations of Supreme Court justices through time and found a curious pattern."
...
"However you categorize Justice Ginsburg’s pedigree, one fact would still be guaranteed by Ms. Kagan’s confirmation: For the first time in history, every sitting Supreme Court justice will have graduated from an Ivy League law school.



Mr. Glen writes, “Kagan will take the place not only of the last remaining Protestant on the Court, but also of its last non-Ivy League hold-out—the Chicago educated Justice John Paul Stevens (Northwestern Law School).”
So in some respects, the court has gotten a little more diverse over the years, with Congress confirming more racial minorities and women. But perhaps that just reflects the changing admissions processes at the nation’s top two law schools."

In this story covering her swearing in, the Times' Peter Baker writes
"Arguably, Justice Kagan made a mark from the moment she took the oaths on Saturday. She is the third woman on the current court, joining Justices Ruth Bader Ginsburg and Sonia Sotomayor. She is also the fifth justice born after World War II, making that group a majority, and she brings down the average age on the court to 64, from nearly 69. And she is the first person since William H. Rehnquist, 38 years ago, to join the court without experience as a judge.
If her installation added diversity in some ways, though, it reinforced the court’s lack of it in other areas. Her addition means the court now includes neither Protestants nor anyone without an Ivy League background. Justice Kagan joins two other Jewish justices and six Catholics. She is the sixth justice to have studied at Harvard Law School (although Justice Ginsburg later transferred to and graduated from Columbia Law School); the other three graduated from Yale Law School. And she is the fourth justice to have grown up in New York City." 

Tuesday, August 10, 2010

Marriage, jobs, and immigration

A recent NBER paper relates two things whose interaction has fascinated me for some time (the marriage and job markets) with a third, immigration.

America's settling down: How Better Jobs and Falling Immigration led to a Rise in Marriage, 1880 – 1930 by Tomas Cvrcek, NBER Working Paper No. 16161, July 2010.

Abstract: The growing education and employment of women are usually cited as crucial forces behind the decline of marriage since 1960. However, both trends were already present between 1900 and 1960, during which time marriage became increasingly widespread. This early period differed from the post-1960 decades due to two factors primarily affecting men, one economic and one demographic. First, men’s improving labor market prospects made them more attractive as marriage partners to women. Second, immigration had a dynamic effect on partner search costs. Its short-run effect was to fragment the marriage market, making it harder to find a partner of one’s preferred ethnic and cultural background. The high search costs led to less marriage and later marriage in the 1890s and 1900s. As immigration declined, the long-run effect was for immigrants and their descendants to gradually integrate with American society. This reduced search costs and increased the marriage rate. The immigration primarily affected the whites’ marriage market which is why the changes in marital behavior are much more pronounced among this group than among blacks."

Monday, August 9, 2010

Brokers for pirate ransom

Suppose your ship were hijacked by Somali pirates, and you wanted to ransom it and the crew. How would you go about it?  You would need a middleman, someone who could get the money to the right pirates, and maybe who played a repeated game with them, to help ensure that the release would go as planned. As it happens, you might become the client of a certain kind of British law firm, whose market is now threatened by the imposition of sanctions against those who deal with certain named Somali pirates. The problem is, it may be impossible to pay a ransom without doing business with the embargoed individuals. The Financial Times reports: Somali crackdown threatens City role on ransoms

"International plans for a legal crackdown on the funding of piracy could scupper a burgeoning City industry.
"The United Nations plans for sanctions on two suspected pirates would hit the often lucrative work of the law firms, insurers and private security companies in London that quietly arrange ransoms to free kidnapped ships and crews."
...
"The government has decided to block the UN plans amid worries they could force shipowners and their advisers to stop paying ransoms or else risk prosecution.


"London’s piracy negotiation business brings together an unusual cast of characters, from hard-bitten security operatives to dapper lawyers making telephone calls to hijacked ships from offices close to the banks of the Thames.


"NYA International, a kidnap response specialist based off Bishopsgate and now part of Aon, the US insurance broker, has advised on more than 20 piracy incidents during the past 18 months or so.


"The leading ship hijack case law firm in terms of numbers of clients is said to be Holman Fenwick Willan, which has offices north-west of the Tower of London.


"James Gosling, partner at HFW, said: “Nobody wants to pay ransoms. But when it’s the only option, what the hell else do you do?” "
...
"The concern about sanctions is that, while they do not explicitly outlaw the payment of ransoms, they make it impossible in practice because of the uncertainty about where money given to pirates will end up.
“The problem is the due diligence,” Mr Roberts said. “How can you possibly know if the money is going to that [sanctioned] person or not?”
"Maritime lawyers in London say they were encouraged by a High Court ruling this year that paying ransoms wasn’t contrary to British public policy, although they admit the argument over the subject is increasingly becoming political rather than legal.
"That is why the capital’s community of piracy-related businesses is appealing to the government to hold firm in stopping the UN proposal and the sanctions it would introduce.
"As one London-based insurer, who asked not to be named, put it: “We would be very concerned if shipowners were denied a means to free pirated ships.
“There are no navies prepared to go all guns blazing to rescue people – and it wouldn’t work, either.” "

Sunday, August 8, 2010

New Orleans Receivables Exchange

In several earlier posts I've been following the progress of the New Orleans Receivables Exchange.

The State of Louisiana has now passed some legislation that makes it easier for companies to sell their accounts receivable: here's the text of the Louisiana Exchange Sale of Receivables Act.

And here's an article from Inc. Magazine: A New Liquidity Solution

Saturday, August 7, 2010

Korean marriage brokers for foreign brides

After a tragedy involving the death of a young woman, SKorea Cracks Down on Marriage Brokers .

"...Her death in early July has drawn attention to the growing trend of South Korean men looking overseas for brides...
"Over the past decade, a growing number of South Korean men, particularly from farming villages with dwindling populations, have been looking overseas for wives....
"They pay an average of $9,900 to brokers to connect them with young women looking for economic security, mostly from Southeast Asia and China, Heo said.

''International marriages are in a way a practical intersection of interests, bringing together South Korean bachelors and foreign women who suffer from poverty and have a romanticized notion of a prosperous life in an industrialized country like South Korea,'' Heo said.
"In 2009, 180,000 foreigners were married to South Koreans, including more than 35,000 Vietnamese women, the Ministry of Public Administration and Security said.
"Many met their spouses through the estimated 1,250 marriage brokers or matchmakers who arrange an estimated 15,000 marriages each year between South Korean men and foreign women, mostly from Southeast Asia, the Ministry of Gender Equality and Family said. "

Friday, August 6, 2010

Organ donation registration on income tax forms


"LANSING, Mich. - Michigan's secretary of state wants to make organ donation easier by adding a checkoff box on annual tax forms.
Terri Lynn Land says the box would be similar to the current section of the tax form that asks filers if they want part of their taxes to go to the State Campaign Fund.
Tax filers would have the option of marking the box which allows their names to be added to Michigan's Organ Donor Registry.
Land says the proposal allows for a convenient way for organ donors to sign up and allows every Michigan taxpayer to be reached "at virtually no cost" during current lean fiscal times. Her proposal has to go before the state Legislature."


Thursday, August 5, 2010

The market for electricity

As the supply of electricity changes in response to growing numbers of wind turbines, there's more need to be able to store electricity: Wind Drives Growing Use of Batteries

"In New York and California, companies are exploring electrical storage that is big enough to allow for “arbitrage,” or buying power at a low price, such as in the middle of the night, and selling it hours later at a higher price. In the Midwest, a utility is demonstrating storage technology that can go from charge to discharge and back several times a minute, or even within a second, bracing the grid against the vicissitudes of wind and sun and transmission failure. And in Texas, companies are looking at ways of stabilizing voltage through battery storage in places served by just one transmission line."

I also recently heard of attempts to create more flexible demand by fitting households with electrical heat storage units, that heat bricks when electricity is cheap, and power the household heating system off the stored heat.

Wednesday, August 4, 2010

School choice in Darebin City, Victoria, Australia

It sounds like at least one school district in Australia has less bureaucracy than my colleagues and I have encountered in helping American cities reorganize their school assignment systems. Kwanghui Lim at CoRE Economics reports: Game Theory in Action: Sven Feldmann on Kindergarten Matching.

More on school choice here, and here. (And here is a video of Muriel Niederle presenting a new school choice algorithm to the San Francisco school board meeting that gave the go ahead for a redesign there.)