Monday, March 2, 2009

Design of electricity markets (and salute to Bob Wilson)

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For roughly the retail price of 1200 kilowatt hours of electricity, you can buy the Elsevier book Competitive Electricity Markets: Design, I...
Sunday, March 1, 2009

Medical data as an underprovided public good

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Evidence based medicine requires data that are often difficult to assemble. Since drugs and medical devices are regulated, regulators have t...
1 comment:
Saturday, February 28, 2009

Real estate auctions for price discovery

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Sales by auction are coming to the new condo market in New York City: And Do I Hear $2 Million? No? $1 Million? Sold! "Real estate auct...
Friday, February 27, 2009

Kidney Exchange in Australia

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Western Australia has a new Kidney Exchange Program directed by Professor Paolo Ferrari of the University of Western Australia. Like kidney ...
Thursday, February 26, 2009

Market for hand crafted food

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Like the town that was too small to support one lawyer, and so had to have two, Brooklyn is becoming a center of artisan-produced fine food:...

Market for Camembert

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An important part of European Union trade law is the control of the Appellation d'origine contrôlée (AOC). (This is the locational brand...
2 comments:

Assisted suicide, Right to Die

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We say that a transaction that some people want to engage in is " repugnant " if other people don't want them to, and assisted...
1 comment:
Wednesday, February 25, 2009

Kidney Exchange

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Miller-McCune magazine has an article on kidney exchange that gives a pretty good view of some current developments (having to do with exch...
Tuesday, February 24, 2009

Credit: not repugnant anymore

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What a difference a few centuries can make. When Shakespeare wrote The Merchant of Venice , lending money was a repugnant transaction . When...
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Market design is coming of age

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There are an increasing number of signs that Market Design is coming of age as a distinct area of economics. Here are three. The National B...
1 comment:
Monday, February 23, 2009

Market design from the other side of the fence

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Market design is both about designing markets (design as a verb) and about understanding the design of existing markets (design as a noun). ...
Sunday, February 22, 2009

Real estate auctions

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Sales of property by auction seem to rise in bad times: Commercial Auctions Expected to Rise . The attraction of an auction is that it can a...

School choice in England, continued

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School choice, a frequent subject on this blog , is a vexed question around the world. In Britain, the Telegraph reports, Children allocated...
Saturday, February 21, 2009

Markets for adult entertainments

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16 comments:
Friday, February 20, 2009

Market for scholars

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Universities are a bit mysterious: they provide both private and public goods, and nations and regions therefore seek to have them. Universi...
Thursday, February 19, 2009

Online job search

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The WSJ has two articles about congestion on online job search sites. The first reports that, not only is it hard for employers to sort thro...
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Wednesday, February 18, 2009

Industry standards: cell phone chargers

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One way to increase the market for a technology is to make it more commodity like, by adopting an industry standard. So it is very welcome n...
Tuesday, February 17, 2009

Economics of Contracts

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The Institute for Advanced Study at the Hebrew University of Jerusalem will hold its 20th annual Economics summer school this year from June...

Market for nurses: residencies?

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Despite the medical-training ethos of "see one, do one, teach one," newly graduated MD's aren't considered to be independe...
Monday, February 16, 2009

Sustainable fisheries

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Nowhere is the "tragedy of the commons" clearer than in ocean fisheries, which are difficult to regulate and maintain in a sustain...