Sunday, June 5, 2016

NBER Market Design meeting at Stanford, October 28-29 2016 (submission deadline August 1)

Here's the memo

From:  Michael Ostrovsky and Parag Pathak
To:  NBER Market Design Working Group

The National Bureau of Economic Research workshop on Market Design is
a forum to discuss new academic research related to the design of
market institutions, broadly defined. The next meeting will be held at
Stanford University on October 28-29, 2016.

We welcome new and interesting research, and are happy to see papers
from a variety of fields. Participants in the past meeting covered a
range of topics and methodological approaches.  Last year's program

The conference does not publish proceedings or issue NBER working
papers - most of the presented papers are presumed to be published
later in journals.

There is no requirement to be an NBER-affiliated researcher to
participate.  Younger researchers are especially encouraged to submit
papers.

If you are interested in presenting a paper this year, please
upload a PDF version by August 1, 2016 to this link:

Preference will be given to papers for which at least a preliminary
draft is ready by the time of submission. Only authors of accepted
papers will be contacted.

For presenters in North America, the NBER will cover the travel and hotel
costs. For speakers from outside North America, while the NBER will not
be able to cover the airfare, it can provide support for hotel accommodation.

There are a limited number of spaces available for graduate students
to attend the conference, though we cannot cover their costs. Please
email ostrovsky@stanford.edu a short nominating paragraph.

Please forward this announcement to any potentially interested

scholars.  We look forward to hearing from you.

Saturday, June 4, 2016

Desensitization prior to kidney transplantation

From the American Journal of Transportation, some discussion of desensitizing patients to get around blood type barriers to kidney transplant:

Friday, June 3, 2016

Keith Murnighan (1948-2016)

Max Bazerman just sent an email saying that Keith Murnighan passed away this morning. He was in hospice care, after a long brave fight, chronicled on his blog keithkickscancer.

I last saw him a little over a month ago, on April 28. Here's a picture of the two of us, taken in a happier time at Northwestern in May 2010.

He was an exceptional person, an important scholar of human behavior in organizations, and an old friend.  For now it will be easiest to say some things about his scholarship.

Here's Keith's Google Scholar page.
Keith had a voracious curiosity, and studied many things. One of his papers I like best is
The Dynamics of Intense Work Groups: A Study of British String Quartets
J. Keith Murnighan and Donald E. Conlon
Administrative Science Quarterly Vol. 36, No. 2 (Jun., 1991), pp. 165-186

That paper was in a journal (ASQ) that decorated its cover with photos and other artwork. Keith was a passionate photographer (he earned an MFA in photography at the U of Illinois when we were on the faculty there), and I know that at least several ASQ covers featured Keith's photos.

Keith's scholarly impact has kept growing: here's a graph of his citations over time from the Thompson-Reuters Web of Science


*********

I learned a lot from Keith. Here is a paragraph from the autobiography I was asked to write in connection with the Nobel Prize:


"My arrival at Illinois is memorable for two psychologists I met there in my first year. The first, in the first weeks after my arrival, was my colleague Keith Murnighan. We were both new assistant professors in 1974. He had just received his Ph.D. in social psychology from Purdue. One of our senior colleagues suggested we would enjoy talking to each other, and we did, so much so that we decided to do some experiments together, on the kinds of games I had studied in my dissertation. Experiments were newer to me than game theory was to him, but over the course of the next decade we taught each other how to do experiments that would say something useful about game theory. He and I remember our early interactions differently, but we both agree that our first papers took many drafts to converge. Eventually we wrote a dozen papers together, exploring various aspects of game theory including the game theoretic predictions made by theories such as Nash's (1950) "solution" to the problem of determining the outcome of two-person bargaining. (Game theory was young, and many things that today would be called models of behavior, or kinds of equilibrium, were optimistically called "solutions," following von Neumann and Morgenstern.) Keith and I, together with my graduate student Mike Malouf and our colleague Francoise Schoumaker, developed some experimental designs (such as binary lottery games, see Roth and Malouf, 1979, or probabilistically terminated repeated games, see Roth and Murnighan, 1978) that remain in use today. In 1978 I also took a semester leave at the Economics Department at Stanford, where I taught a course whose lecture notes became my first book, Axiomatic Models of Bargaining (Roth, 1978). Axiomatic theories of the kind initiated by Nash were beautiful, and I enjoyed pushing the theory forward, but their failure to account for the kinds of behavior we observed so clearly in experiments convinced me that these too were a dead end for economics.
*********
Our own collaboration spanned thirty years:
  1. Murnighan, J.K. and Roth, A.E.  "The Effects of Communication and Information Availability in an Experimental Study of a Three Person Game," Management Science, Vol. 23, August, 1977, 1336-1348. 
  2. Roth, A.E. and Murnighan, J.K. "Equilibrium Behavior and Repeated Play of the Prisoners' Dilemma," Journal of Mathematical Psychology, Vol. 17, 1978, 189 198. 
  3. Murnighan, J.K. and Roth, A.E. "Large Group Bargaining in a Characteristic Function Game, Journal of Conflict Resolution, Vol. 22, 1978, 299 317. 
  4. Murnighan, J.K. and Roth, A.E. "The Effect of Group Size and Communication Availability on Coalition Bargaining in a Veto Game," Journal of Personality and Social Psychology, 39, 1980, 92 103. 
  5. Roth, A.E., Malouf, M., and Murnighan, J.K. "Sociological Versus Strategic Factors in Bargaining," Journal of Economic Behavior and Organization, Vol. 2, 1981, 153 177. 
  6. Roth, A.E. and Murnighan, J.K. "The Role of Information in Bargaining: An Experimental Study," Econometrica, Vol. 50, 1982, 1123 1142. 
  7. Murnighan, J.K. and Roth, A.E. "Expecting Continued Play in Prisoner's Dilemma Games: A Test of Three Models." Journal of Conflict Resolution, Vol. 27, 1983, 279 300
  8. Roth, A.E. and Murnighan, J.K. "Information and Aspirations in Two Person Bargaining", Aspiration Levels in Bargaining and Economic Decision Making, R. Tietz, ed., Springer, 1983. 
  9. Murnighan, J.K., Roth, A.E., and Schoumaker, F.  "Risk Aversion and Bargaining: Some Preliminary Experimental Results,"  European Economic Review, 31, 1987, pp265-271.  
  10. Murnighan, J.K., Roth, A.E., and Schoumaker, F.  "Risk Aversion in Bargaining: An Experimental Study,"  Journal of Risk and Uncertainty, Vol. 1, 1988, 101-124.
  11. Roth, A.E., Murnighan, J.K., and Schoumaker, F. "The Deadline Effect in Bargaining:  Some Experimental Evidence," American Economic Review, Vol. 78, 1988, 806-823.
  12. Murnighan, J.Keith, and Alvin E. Roth, “Some of the Ancient History of Experimental Economics and Social Psychology: Reminiscences and Analysis of a Fruitful Collaboration,” Social Psychology and Economics, D. De Cremer, M. Zeelenberg, and J.K. Murnighan, editors,  Lawrence Erlbaum Associates, Inc.: Mahwah, NJ.  2006, 321-333.
I'll miss him.
*****************************

Update, June 6: here's the Northwestern U. obit:
Organizational behavior scholar J. Keith Murnighan dies at 67
"A memorial service will be held on Sunday, June 12 at 5 p.m. at Alice Millar Chapel, 1870 Sheridan Road in Evanston"

Uber, surge pricing, and how much battery life is left in your phone (they know)

The Telegraph has the (scary) story, after chatting with Keith ChenUber knows customers with dying batteries are more likely to accept surge pricing

"The car-hailing service Uber can detect when a user’s smartphone is low on battery, and therefore willing to pay more to book a ride.

Uber, which has faced the ire of London’s tax drivers since launching in the capital in 2012, can tell when its app is preparing to go into power-saving mode, although the firm says it does not use this information to pump up the price.

Keith Chen, head of economic research at Uber, told NPR that users are willing to accept a “surge price” up to 9.9 times the normal rate, particularly if their phone is about to die.

“One of the strongest predictors of whether or not you’re going to be sensitive to surge… is how much battery you have left on your cellphone,” he said.

We absolutely don’t use that to push you a higher surge price, but it’s an interesting psychological fact of human behaviour.”
**********

Here's a paper by Chen and Sheldon: Dynamic Pricing in a Labor Market: Surge Pricing and Flexible Work on the Uber Platform

Thursday, June 2, 2016

Kidney exchange in Australia--update

A report from The West Australian on a four-pair exchange includes some stats on kidney exchange in Australia:  Amazing kidney swap surgery saves four lives
Cathy O’Leary, Medical Editor - The West Australian on June 1, 2016

"Since the first kidney exchange in WA in 2007 involving two pairs of matched donor-recipients, more than 150 kidney transplants have taken place in the exchange program.

Every three months, a computer program searches the national database to look for combinations that will allow an exchange to occur.

Sir Charles Gairdner Hospital surgeon Bulang He, from the WA Liver and Kidney Surgical Transplant Service, said the biggest exchange had involved six pairs of donor recipients.

There was strict criteria for the donors and recipients to give the best possible success rates.

“It is more complicated the more pairs that are involved, and how many you use depends on the match results and what will give the best outcomes,” Dr He said.

Dr He said transplants were cost-effective because they could prevent years of dialysis.

For details on becoming a donor, visit donatelife.gov.au"

Wednesday, June 1, 2016

Matching in Practice (joint with Advances in Market Design) June 2 - June 3



11th workshop Matching in Practice (joint with Advances in Market Design)

June 2 - June 3 

Our next Matching in Practice workshop will take place in Paris at the Paris School of Economics on June 2 and 3. The first day will be a regular MiP workshop with Nicole Immorlica from Microsoft Research as keynote speaker and a policy round table on the allocation of social housing. The second day will be dedicated to Advances in Market Design. More information about registration to follow.

DAY ONE: XIth WORKSHOP “MATCHING IN PRACTICE”

09:00 – 10:00: Nicole Immorlica (Microsoft Research New England): TBA
Coffee Break
10:30 – 12:30: Contributed Sessions
Heinrich Nax (ETH Zurich) : Evolutionary dynamics and equitable core selection in assignment games
Britta Boyer (U Paderborn) : Matching Strategies of Heterogeneous Agents in a University Clearinghouse
Andre Veski (TU Tallinn) : Efficiency and fair access in kindergarten allocation policy design
Lunch
13:40 – 15 :00: Contributed Sessions
Rustam Hakimov (WZB Berlin) : Iterative Deferred Acceptance Mechanisms: Theory and
Experimental Evidence
Vincent Iehlé (U Paris Dauphine) : A centralized matching market with early matches
Coffee Break
15:30 – 17:30: Focus session on the assignment of social housing
Jacob Leshno (Columbia): TBA
Neil Thakral (Harvard): TBA
David Cantala (Colegio de Mexico): TBA
17:30 – 19:00: Round Table on the assignment of social housing in France and Europe
Jean-François Arènes (APUR, Paris), Nathalie Demeslay (Rennes métropole — TBC), Laurent Ghékière (Union Sociale de l’Habitat, Bruxelles), Cyrille Van Styvendael (Est-Metropole- Habitat, Villeurbanne)
Dinner

DAY TWO: WORKSHOP “ADVANCES IN MARKET DESIGN”
09:00 – 10:00: Itai Ashlagi (Stanford): “TBA”
Coffee Break
10:30 – 11:30: Yinghua He (Toulouse): “Information Acquisition and Provision in School Choice”
10:30 – 11:30: Irene Lo (Columbia): “A Continuum Model for the Top-trading Cycles Mechanism”
Lunch
14:00 – 15:00: Yusuke Narita (MIT): “Match or Mismatch: Learning and Inertia in School Choice”
15:00 – 16:00: Adam Kapor (Columbia):  “Heterogeneous Beliefs and School Choice”
Coffee Break
16:30 – 17:30: Nick Arnosti (Stanford):  “Centralized Clearinghouse Design: A Quantity-Quality Tradeoff”

Tuesday, May 31, 2016

Gazumping in England: repugnant and soon to be illegal?

When does a contract to sell a home become binding? That may be about to change in England. The Telegraph has the story.
Relief for home buyers as the Government may ban 'gazumping' 

"Gazumping could be banned by the Government, as it has emerged that officials have held private meetings with industry to discuss bringing forward the point at which house sales become legal, in line with Scotland.

"The radical move would prevent millions of British housing sales falling through as 18pc, or around 200,000 transactions collapse each year.

"A major reason is a plague of buyers outbidding others who have already put down an offer, a practice commonly known as "gazumping".

"It causes frustration and disappointment for buyers who think they have secured their dream home, only to find they lose it overnight to someone with more cash. It also routinely leaves frustrated would-be-buyers paying for bills for surveying and legal fees which can run into thousands of pounds, providing a further kick in the teeth.
...
"The meeting was used in part to discuss the idea of introducing to Britain the system which already exists in Scotland and in other countries in Europe, under which property sales are legally binding at the point where an offer is accepted by the buyer.

"At present deals made in Britain are only binding once the contracts have been exchanged, giving buyers with big deposits ample chance to "gazump".

While this Scottish-style system could make life much easier for buyers of British homes, experts predicted it would be very unpopular with sellers and could even put them off moving house. "

Monday, May 30, 2016

Sunday, May 29, 2016

The market for Ph.D.'s, in the survey of earned doctorates

A report on the survey of earned doctorates is out, with data from 2014:
DOCTORATE RECIPIENTS FROM U.S. UNIVERSITIES
NATIONAL CENTER FOR SCIENCE AND ENGINEERING STATISTICS
DIRECTORATE FOR SOCIAL, BEHAVIORAL AND ECONOMIC SCIENCES


Saturday, May 28, 2016

Immigration to the U.S. since 1820 (animated graphic)

Click on the link below for the animated graphic (which I couldn't figure out how to embed).
Two Centuries of U.S. Immigration (1 dot = 10,000 people)


Friday, May 27, 2016

School choice in NYC middle schools has some catching up to do

While highschools in NYC have a carefully designed school choice system, elementary and middle school choice is more chaotic. Lots of middle schools will only admit children who rank them first, but that is now changing in some Brooklyn schools.

Chalkbeat has the story: Some of Brooklyn’s most sought-after middle schools will no longer see how applicants rank them

"Parents and experts have long lobbied for that change because they say the current system forces families to fill out their applications strategically, while often penalizing those who list their true preferences. Because the top middle schools in District 15 — which includes Park Slope, Carroll Gardens, and Sunset Park — each receive hundreds of applications, they generally only consider students who rank them first or second.
“For years, families have felt as though their options were limited to two top schools on their applications,” District 15 Superintendent Anita Skop said in a letter to parents Wednesday announcing the change. They “have felt as though they need to be strategic, rather than honest in their ranking of choices.”
"The middle school admissions process varies across the city, but most districts currently use “blind ranking” systems that do not show schools where they were listed on a student’s application. The citywide high school admissions process also works that way.
"Beginning in fall 2017, District 15 will join the three-quarters of districts that do not show middle schools how applicants ranked them. (Seven of the city’s 32 school districts will continue to share the rankings with middle schools.)

"A process in which schools see who ranks who further entrenches already entrenched inequities,” said said Neil Dorosin, executive director of the Institute for Innovation in Public School Choice, who helped design New York City’s high school admissions system. “That’s just fundamentally unfair and wrong.”

"M.S. 839, a new middle school in the district, uses a random admissions lottery. For that reason, some parents automatically rank the school third so that they can save their top slots for schools that consider ranking, said principal Michael Perlberg. He said some parents have received their first ranked choice but appealed that decision because they actually preferred M.S. 839.
"The policy change to blind rankings “is going to allow parents to sit down with their kids and do a ranking that’s really authentic,” Perlberg said. “We’re really excited about that.”

Thursday, May 26, 2016

Proposed legislation offers incentives to living organ donors

The Pittsburgh Tribune Review has the story
Proposed legislation offers incentives to living organ donors in Pa.

"A Pennsylvania lawmaker plans to introduce legislation this week that would allow pilot programs to give non-cash rewards to people who donate a kidney or part of their liver.

The proposal from U.S. Rep. Matt Cartwright, D-Moosic, includes potential rewards for donors such as health insurance, tax credits, contributions to the donor's favorite charity and tuition reimbursement.

Federal law prohibits buying or selling organs for transplantation, but Cartwright said his proposal aims to address a dire organ shortage while saving the government money.

He estimates that eliminating the nation's bloated organ wait list could save more than $5.5 billion per year in medical costs for people with end-stage renal disease.

Cartwright said it's “a national outrage that 22 people die every day waiting for a transplant.”

“The current system is not working, and the only way to find out what would make it work is to try something new,” Cartwright told the Tribune-Review. “I have support on both sides of the aisle because people understand we need to try something different.”

The congressman emphasized that his plan would not pay donors for their organs but simply provide an incentive to donate. To avoid corruption, an ethics control board would monitor the program, and the rewards would not be transferable to other people, he said.

The legislation also would call for donors to be reimbursed for time off work and travel and costs associated with the surgery, which can be prohibitive."

Matching refugees to towns in Britain: Tim Harford in the FT

In the Financial Times, Tim Harford writes about resettling refugees: The refugee crisis — match us if you can--‘However many refugees we decide to resettle, there’s no excuse for doing the process wastefully’

"By balancing competing demands, good matching mechanisms have alleviated real suffering in school systems and organ donation programmes. Now two young Oxford academics, Will Jones of the Refugee Studies Centre and Alexander Teytelboym of the Institute for New Economic Thinking, are trying to persuade governments to use matching mechanisms in the refugee crisis.
Most popular discussions of the crisis focus on how many refugees we in rich countries should accept. Yet other questions matter too. Once nations, or groups of countries, have decided to resettle a certain number of refugees from temporary camps, to which country should they go? Or within a country, to which area?
Different answers have been tried over the years, from randomly dispersing refugees to using the best guesses of officials, as they juggle the preferences of local communities with what they imagine the refugees might want.
In fact, this is a classic matching problem. Different areas have different capabilities. Some have housing but few school places; others have school places but few jobs; still others have an established community of refugees from a particular region. And refugee families have their own skills, needs and desires.
This is not so different a problem from allocating trainee doctors to teaching hospitals, or children to schools, or even kidneys to compatible recipients. In each case, we can get a better match through a matching mechanism. However many refugees we decide to resettle, there’s no excuse for doing the process wastefully.
There is no perfect mechanism for matching refugees to communities — there are too many variables at play — but there are some clear parameters: housing is a major constraint, as is the availability of medical care. Simple systems exist, or could be developed, that should make the process more efficient, stable and dignified."

Wednesday, May 25, 2016

Aumann Lecture (video): Economists as Engineers: Game Theory and Market Design

Here's a video of my Aumann Lecture last week in Israel--I took as my starting point Bob's 1985 paper "What is Game Theory Trying to Accomplish?"


Tuesday, May 24, 2016

A National Academy of Sciences report on kidney exchange, and market design

As part of their outreach to the general public, the National Academy of Sciences has initiated a series of  reports called A NATIONAL ACADEMY OF SCIENCES SERIES ABOUT SCIENTIFIC DISCOVERY AND HUMAN BENEFIT: FROM RESEARCH TO REWARD

The first of these is about kidney exchange (mostly) and market design:
Matching Kidney Donors with Those Who Need Them—and Other Explorations in Economics by Nancy Shute

It has some nice graphics, and starts off this way:

"In the news, economists are often portrayed as number crunchers hidden away in universities. But they also journey out into the world, discovering problems and then charting a course to a solution. By applying economic theories to the shortage of kidneys, scientists have been able to save lives, cut medical costs, and reduce misery. Their innovations have spurred medical progress.

“Economics is about the real world,” said Alvin Roth, a Stanford University economist, when he won the Nobel Prize in 2012 for his work on matching markets, including the kidney donor matching problem."
**********
You can download a pdf version (without the nice graphics) here: Annotated version

Monday, May 23, 2016

The Transplant Donation Global Leadership Symposium

I'll be in Del Mar for the next few days to speak and hear about transplant practices around the world.
Here's the conference announcement:


The Transplant Donation Global Leadership Symposium is a unique learning experience to explore best practices and innovation to address the most pressing leadership challenges facing the organ and tissue donation and transplantation fields. Robust dialogue and collaborative team work among 75 select attendees build relationships spanning the globe, and participants leave with broadened leadership skills, innovative ideas, and expanded professional networks.
The GLS brings together a faculty of international leaders and innovators in donation, transplantation, leadership, and management. This year the GLS is honored to have Al Roth, the Nobel Prize winning economist whose work in market theory enabled the development of kidney matching algorithms that help make living donor chains possible. Dr. Roth is continuing his work in our field with a focus on public education and donor registries, applying economic science to help identify effective interventions. 
Delmonico Roth Rees Ashlagi    
ABOVE: Francis L. Delmonico, MD, Alvin E. Roth, Michael Reese, MD, Itai Ashlage
Along with Dr. Roth, the faculty will share their knowledge and expertise in order to meet these objectives:
  • Analyze donation systems in place around the globe and develop strategies to improve each element in his/her home country and organization;
  • Explore the distinct skills and roles required for a successful donation program and the interpersonal leadership talents required to ensure seamless collaboration;
  • Identify the cultural and ethical foundations that lead to diversity in donation around the world and ways to bridge these differences to maximize donation everywhere; and
  • Examine leadership opportunities and challenges in emerging donation and transplantation practices.
The following topics will be presented in order to meet these objectives:
  • International Best Practices
  • International Donation Improvement
  • Political, Financial, Legal and Ethical Foundations of Organ Donation
  • Organizational and Operational Elements of Successful Donation Programs
  • Leadership and Team Building
  • Professional and Public Education
If you are a health professional coordinating donors for transplantation, a transplant coordinator wishing to expand your knowledge, abilities and capacities, a manager in charge of a donation or transplant program or department of a program, or an official charged with developing an organ donation and transplantation system, please join us May 22-26, 2016  at the L'Auberge Del Mar, Del Mar.  If you are interested in a scholarship application, please click here.
Mone Signature   
Tom Mone
CEO &  Executive V.P.
OneLegacy
 OL Logo large                
Susan Gunderson
CEO 

LifeSource, The Upper Midwest Organ Procurement Organization, Inc.
LifeSource              
Howard M. Nathan
CEO & President

Gift of Life Donor Program
Founder & President,
Gift of Institute
GOL Inst logo_Smaller              
Marti Manyalich
President

TPM University of Barcelona
TPM DTI               


   

Details

  • When

  • Sunday, May 22, 2016 - Thursday, May 26, 2016
    3:00 PM - 12:30 PM
    Pacific SA Time
  • Where

  • L'Auberge Del Mar
    1540 Camino Del Mar
    Del Mar, California 92014
    USA
    800-245-9757

Sunday, May 22, 2016

The UAE may soon allow organ transplants

The Gulf News has the story. (I hadn't realized that transplantation was a repugnant transaction in the United Arab Emirates. In fact it sounds as if they still have a way to go...)

The UAE may soon allow organ transplant--Some 68% of respondents on a UAE national survey said they were willing to donate organs if they were brain-dead

"The deceased organ donation programme, which is now available in all other GCC countries except for the UAE, might soon become a reality in this country too, said Dr Farhad Janahi, assistant professor and renowned kidney transplant surgeon at Mohammad Bin Rashid University of Medicine and Health Sciences (MBRU) at the Dubai Health Care City (DHCC).
...
"Dr Janahi told Gulf News: “At present there are over 2,000 kidney patients on dialysis in the UAE on a waiting list for kidney transplants alone. Deceased organ donation programme is now a reality in all other Gulf Cooperation Council countries and this survey’s findings indicate that the people of UAE are ready for a new law on deceased organ donation.”
...
"The results of this survey were presented at the first UAE Organ Donation forum held last week at the DHCC which was held under the patronage of the Chairperson of Dubai Health Care City Authority (DHCCA), Princess Haya Bint Al Hussain, wife of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and was attended by 50 transplant experts, religious leaders and donors, among other attendees, and also highlighted means to expand organ transplantation services in the UAE.
...
"Dr Amer Ahmad Sharif, chief executive officer, Education Sector, DHCCA, said, “Creating a platform such as the first UAE Organ Donation Forum to discuss legislations, exchange ideas will help us reduce the gap between the demand and supply of human organs for transplantation.”

Clearinghouses for IOU's in the 13th through 18th centuries: by Borner and Hatfield

Here's a market design/economic history paper about early financial clearinghouses, forthcoming in the Journal of Political Economy:

The Design of Debt Clearing Markets: Clearinghouse Mechanisms in Pre-Industrial Europe
Lars Borner, and John William Hatfield

Abstract
We examine the evolution of the decentralized clearinghouse mechanisms that were
in use throughout Europe from the 13th century to the 18th century; in particular,
we explore the clearing of non- or limited-tradable debts like bills of exchange. We
construct a theoretical model of these clearinghouse mechanisms and show that the
specific decentralized multilateral clearing algorithms known as rescontre, skontrieren
or virement des parties, used by merchants in this period, were efficient in specific historical
contexts. Our analysis contributes to the understanding of both the emergence
and evolution of these mechanisms during late medieval and early modern fairs and
their robustness during the 17th and 18th centuries.

Friday, May 20, 2016

Georgia plans national matchmaking service as marriage rate falls (the country, not the U.S. state)

The Guardian has the story:
Georgia plans national matchmaking service as marriage rate falls
National database of singletons proposed to help pull country away from ‘demographic catastrophe’.

"A nationwide headcount of eligible bachelors and bachelorettes has been announced in Georgia, apparently in a bid to help tackle the slowing birth rate.
Georgia’s non-profit Demographic Development Fund (DDF) believes that a drop in the rate of marriages and births has brought the small post-Soviet nation to the cusp of a “demographic catastrophe”.
They say apps such as Tinder won’t adequately tackle the problem, and that a government-backed dating service is needed instead.

“We will take a census of all singles, widows, widowers, the divorced and enter their details in a database,” Davit Khizanishvili, the fund’s president, announced.
The DDF has already started to profile Georgia’s singletons, taking note of personal details such as “weight, height and zodiac sign” and adding them to the database, which they say will be administered by a special agency."