Market Design

I post market design related news and items about repugnant markets. See my Stanford profile. I have a forthcoming book : Moral Economics The subtitle is "From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work."

Wednesday, September 30, 2009

A proliferation of penny auctions

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Last year I thought about blogging about Swoopo , the "entertainment shopping" site that is run as an "all pay" auction ...
23 comments:
Tuesday, September 29, 2009

When a protected transaction meets a repugnant one: The MA suit over the Defense of Marriage Act

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Same sex marriage raises issues involving both repugnant transactions and protected transactions . On the one hand, marriage is one of our ...
Monday, September 28, 2009

Reserving spaces in crowded places

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It may be possible for vacationing Germans to reserve rental lounge chairs at a crowded beach or pool, but in Saudi Arabia it's a crime...
1 comment:
Sunday, September 27, 2009

Are names destiny?

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Does your name influence your choice of career? The following paragraph caught my eye, from a NY Times story on testing the safety of motorc...
3 comments:

Thaler on mandated choice

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In the NY Times, Dick Thaler considers how the way people are asked whether they would like to be deceased organ donors might influence the ...
1 comment:

London Times reports on ads to sell kidneys

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Despite the headlines, it isn't clear that they found any actual cash-for-kidney transactions, or the infrastructure to support them, b...
9 comments:
Saturday, September 26, 2009

Where burial societies go to die

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The NY Times has a story on burial societies, cooperatives set up by immigrants in the 1800s and early 1900s to buy and maintain cemeteries....
Friday, September 25, 2009

Common deadlines

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One way to try to control unraveling of transaction dates is to specify, and try to enforce, particular times at which certain aspects of a...
1 comment:
Thursday, September 24, 2009

Entrepreneurial Market Design

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In the coming weeks, I'll be making a series of posts on a subject I term Entrepreneurial Market Design , the study of creating for-prof...
2 comments:

Nagel's guessing/beauty contest game: a famous experiment in game theory

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Much of game theory concerns how ideally rational players should behave when they interact with other ideally rational players, when everyon...
2 comments:
Wednesday, September 23, 2009

College admissions in Illinois

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The long running story about politically connected candidates getting preferential admissions at the University of Illinois reached some sor...
1 comment:

The market for college athletes

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Putting the Amateur Myth to Rest by Allen L. Sack "I agree with Brand that the term amateur is not a good fit for modern college sports...
1 comment:
Tuesday, September 22, 2009

Books on demand (Espresso in the Square)

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The Harvard Crimson reports on a new dimension to the book market in the age of the internet, books printed on demand (and delivered by bicy...

Another step in the unraveling of the baskeball market

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In a further unraveling of the market for basketball players, Jeremy Tyler, 18, "became the first player to drop out of high school t...
1 comment:
Monday, September 21, 2009

Unraveling in junior tennis:

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Not only do the most competitive tennis players have to start training while young, they have to train more intensely than is compatible wit...
Sunday, September 20, 2009

Regulating fast trading on Wall St

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David Silver has a nice article in the NYT comparing the proposed regulation of "flash trading" with some of the century old regul...
Saturday, September 19, 2009

Market for (smuggled) cultural treasures

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Trading in certain kinds of antiquities and "cultural treasures" is regarded as a repugnant transaction in many parts of the world...
Friday, September 18, 2009

Cent mail: signalling that your email isn't spam

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Here's a new twist (from Yahoo! Research) on paying to send email as a barrier to spam: a 1 cent donation to charity for each email buys...
1 comment:
Thursday, September 17, 2009

Congestion in online job search

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Companies that post job openings online get access to many resumes, but may have trouble sorting through them. Phyllis Korrki writes: Where,...
1 comment:

A fast auction for gift cards

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TC50: Gift Card Auction Site Rackup Aims To Shake Up Market A "fast auction" in which the high bidders buy themselves gift cards a...
1 comment:
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Al Roth
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