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."

Sunday, May 31, 2020

What values do we bequeath to our grandchildren? Alberto Alesina et al. on the generations following the Cultural Revolution in China

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In what is perhaps the last paper he completed before his recent untimely death on May 23 from a heart attack, Alberto Alesina (1957-2020) ...
Saturday, May 30, 2020

Discussiong the pandemic with the Indian magazine Open

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The Indian magazine Open published a brief interview with me, conducted by email: ‘Not only is wealth inequality rising, but the conseq...
Friday, May 29, 2020

Human Challenge Trials for COVID-19 vaccines

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Yesterday I blogged about trying to speed up vaccine development and distribution by taking some of the risk out of it for pharma companies...
Thursday, May 28, 2020

Advanced market commitment for a successful COVID-19 vaccine

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Vaccines take a long time to develop and test, and so are risky for pharmaceutical firms to invest in. Here's a NY Times op-ed by sever...
Wednesday, May 27, 2020

Convalescent plasma collection ramps up

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Here's a story from the WSJ: Blood Banks, Pharma Join Microsoft to Sign Up Covid-19 Survivors for Plasma "A coalition of resear...
Tuesday, May 26, 2020

Incentive compatibility is not enough: evidence from the Israeli matching market for psychologists, by Hassidim, Romm and Shorrer

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While it has taken some time for this paper to be published, I think it was the first to discover that some applicants in a labor market cl...
Monday, May 25, 2020

India NDTV interview on coronavirus, convalescent plasma, etc. (5 minute interview by Dr. Prannoy Roy)

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My 5 minutes come at 1:12, but if I've embedded this right the video should begin from there when you start it...
Sunday, May 24, 2020

Olly Williamson (1932-2020)

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The great student of transaction costs, Oliver (Olly) Williamson, has died. Here's the Berkeley obit: Nobel laureate Oliver Williams...
Saturday, May 23, 2020

Should emergency medical supplies go to the highest bidders? (That isn't necessarily what economists think...)

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Should prices clear markets for emergency medical supplies? Many economists don't think so: Prices of Medical Supplies "About ...
Friday, May 22, 2020

What makes a market transaction morally repugnant? by Leuker, Samartzidis, and Hertwig

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Here's a new working paper on repugnance, from the Max Planck Institute for Human Development in Berlin. What makes a market transact...
Thursday, May 21, 2020

Blood and plasma: a brief history, from 1628

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With all my discussion of convalescent plasma for Covid-19 this week*, here's a historical perspective on the technology and changes in...
Wednesday, May 20, 2020

Convalescent plasma collection and distribution

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Efforts to collect and distribute convalescent plasma from recovered Covid-19 patients are ramping up: there are lots of options. I do...
Tuesday, May 19, 2020

Surrogacy amidst the corona virus pandemic lockdowns

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The coronavirus pandemic isn't only a story about disease, it's also a story about lockdowns, and restrictions on travel (among oth...
Monday, May 18, 2020

Qingyun Wu defends his dissertation--remotely

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Qingyun Wu successfully defended his dissertation at Stanford today, remotely, as we are all sheltering in place from the coronavirus pande...

Plasma and plasma products (such as antibodies) are a big business (and the U.S. dominates the international market)

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These days I'm thinking about corona virus covid-19 convalescent blood plasma, which I blogged about yesterday, and about which I hope ...
Sunday, May 17, 2020

Cascades of convalescent plasma for Covid-19, and chains of exchanges, by Kominers, Pathak, Sönmez, and Ünver

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Covid-19 convalescent plasma is a new thing in the world, that came into existence only when the first human was infected and recovered fro...
Saturday, May 16, 2020

Transplants dropped as Covid-19 rose, in France and the U.S.

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In France, even more than in the U.S., kidney transplants were considered elective surgery. In the Lancet: Organ procurement and transp...
Friday, May 15, 2020

Search and matching models of marriage (with emphasis on search or on matching)

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Often when economic theorists (particularly matching theorists) speak of "marriage" we don't mean the real thing, we mean a m...
Thursday, May 14, 2020

Does the porn industry provide a model for disease testing and contact tracing to end corona virus lockdowns?

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The adult film industry--which produces films in which performers engage in sex with one another--has a testing service called PASS (Perfo...
Wednesday, May 13, 2020

College admissions, late in the season

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Each year, around this time of year, as the main round of college admissions comes to a conclusion, NACAC (the National Association for Col...
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Al Roth
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