Showing posts with label market design. Show all posts
Showing posts with label market design. Show all posts

Friday, January 31, 2025

The NBER celebrates market design

 From the NBER Reporter:

Working Group Report: Market Design  By Michael Ostrovsky and Parag A. Pathak

Here are the introductory paragraphs (after which the report goes on to survey various areas of market design research).


"The Market Design Working Group, established in 2009 under the leadership of Susan Athey and Parag Pathak, is a preeminent research forum in the field of market design. The working group meets annually, alternating between Cambridge, Massachusetts, and Palo Alto, California, to present research that bridges theoretical economics and practical applications, all focused on what The Economist aptly characterized as “an intelligently designed invisible hand.”1 Research in market design has been celebrated in academic circles, as evidenced by recognitions like the 2012 Nobel Prize for work on matching markets and the 2020 Nobel Prize for auction theory, and has also been instrumental in catalyzing tangible reforms in real-world institutions and markets.

"One feature that sets market design apart from much of traditional economic theory is its unwavering commitment to practical applications. Market designers have developed a unique professional profile, equally at home in university lecture halls, hospital surgery wards, school committee meetings, and the boardrooms of technology companies. This versatility allows them to translate complex economic models and analyses into solutions for real-world problems. The field’s research has informed an impressive range of applications across various sectors of society. "

Friday, January 3, 2025

Sessions that caught my eye in the ASSA program

Economics of Higher Education

Lightning Round Session

 Saturday, Jan. 4, 2025   8:00 AM - 10:00 AM (PST)

 Hilton San Francisco Union Square, Golden Gate 3
Hosted By: American Economic Association
  • Chair: Caroline Hoxby, Stanford University

Cap-and-Apply: Unintended Consequences of College Application Policy in South Korea

Taekyu Eom
, 
SUNY-Buffalo
 

 

Do Double Majors Face Less Risk? An Analysis of Human Capital Diversification

Andrew S. Hanks
, 
Ohio State University
Shengjun Jiang
, 
Wuhan University
Xuechao Qian
, 
Stanford University
 
Bo Wang
, 
Nankai University
Bruce A. Weinberg
, 
Ohio State University

 

Inequality-Aware Market Design

Paper Session

 Sunday, Jan. 5, 2025   10:15 AM - 12:15 PM (PST)

 Hilton San Francisco Union Square, Union Square 1 and 2
Hosted By: Econometric Society
  • Chair: Piotr Dworczak, Northwestern University

Waiting or Paying for Healthcare: Evidence from the Veterans Health Administration

Anna Russo
, 
Massachusetts Institute of Technology
 

Optimal Redistribution via Income Taxation and Market Design

Mohammad Akbarpour
, 
Stanford University
Pawel Doligalski
, 
University of Bristol
Piotr Dworczak
, 
Northwestern University
 
Scott Duke Kominers
, 
Harvard University

Should the Government Sell You Goods? Evidence from the Milk Market in Mexico

Diego Javier Jimenez Hernandez
, 
Chicago Federal Reserve
 
Enrique Seira
, 
Michigan State University

Taxing Externalities without Hurting the Poor

Mallesh M. Pai
, 
Rice University
Philipp Strack
, 
Yale University
 

Discussant(s)
Vasiliki Skreta
, 
University of Texas-Austin and University College London
Dmitry Taubinsky
, 
University of California-Berkeley
Mohammad Akbarpour
, 
Stanford University
Dan Waldinger
, 
New York University

 

 

Market Design in College Admissions

Paper Session

 Sunday, Jan. 5, 2025   10:15 AM - 12:15 PM (PST)

 Hilton San Francisco Union Square, Union Square 11
Hosted By: Econometric Society
  • Chair: Evan Riehl, Cornell University

College Application Mistakes and the Design of Information Policies at Scale

Anaïs Fabre
, 
Toulouse School of Economics
Tomas Larroucau
, 
Arizona State University
Christopher Andrew Neilson
, 
Princeton University
Ignacio Rios
, 
University of Texas-Dallas
 

Inequity in Centralized College Admissions with Public and Private Universities: Evidence from Albania

Iris Vrioni
, 
University of Michigan
 

Stakes and Signals: An Empirical Investigation of Muddled Information in Standardized Testing

Germán Reyes
, 
Middlebury College
Evan Riehl
, 
Cornell University
 
Ruqing Xu
, 
Cornell University

 

Finance and Development

Paper Session

 Sunday, Jan. 5, 2025   1:00 PM - 3:00 PM (PST)

 Hilton San Francisco Union Square, Continental Ballroom 9
Hosted By: American Economic Association
  • Chair: Martin Kanz, World Bank

Default Contagion in Microfinance

Natalia Rigol
, 
Harvard Business School
Ben Roth
, 
Harvard Business School
 

Abstract

Joint liability is one of the hallmarks of microfinance. Though it is intended to reduce non-payment, it has also been hypothesized to lead to default contagion, whereby non-payment by one borrower may reduce the likelihood of repayment by groupmates. Utilizing unexpected deaths, we document significant default contagion in one of Chile's largest microfinance institutions. We estimate that a single default causes an additional 0.8 borrowers to default, indicating that nearly half of observed default is due to contagion. 

Credit Contracts, Business Development, and Gender: Evidence from Uganda

Selim Gulesci
, 
Trinity College Dublin
 
Francesco Loiacono
, 
European Bank for Reconstruction and Development
Miri Stryjan
, 
Aalto University
Andreas Madestam
, 
Stockholm University

Discrimination Expectations in the Credit Market: Survey Evidence from India

Stefano Fiorin
, 
Bocconi University
Joseph Hall
, 
Stanford University
Martin Kanz
, 
World Bank
 

Discussant(s)
Simone Gabrielle Schaner
, 
University of Southern California
Anna Vitali
, 
New York University
Janis Skrastins
, 
Washington University-St. Louis