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."

Tuesday, October 5, 2010

The wholesale market for art

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We often think of the art market as essentially retail--each artwork is unique--but that's because we aren't art buyers for hotels, ...
1 comment:
Monday, October 4, 2010

From repugnant transaction to Nobel Prize in Medicine

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The Nobel Assembly at Karolinska Institutet  has today decided to award The Nobel Prize in Physiology or Medicine 2010 to Robert G. Edwa...

Mail order husbands, on Foreign Son-in-Law Street

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A Thai Region Where Husbands Are Imported . "But unlike many other foreign husbands, Mr. Davis, 54, did not take his wife home with h...
Sunday, October 3, 2010

Piracy watch: can security off the coast of Somalia be privatized?

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Steve Leider writes: Piracy season is resuming off the coast of Africa with the end of the monsoon season.  Several attacks have already...
4 comments:
Saturday, October 2, 2010

The market for knife sharpening

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There was a time when knife sharpeners brought their grindstones to the meat packers and butchers who were their main customers, and sharpen...
1 comment:
Friday, October 1, 2010

Unraveling and diversity in the market for law clerks

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One question about unravelling of markets--in which hiring becomes earlier, more diffuse in time, and characterized by very short duration ...
Thursday, September 30, 2010

Early decision in selective colleges

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Steve Cohen at Forbes tabulates some admissions figures in his blog post: Early Decision: College Admission’s Secret Handshake College Per...

Update on that Medicare Auction

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Peter Cramton writes to update us on the progress of the letter he organized about A poorly designed Medicare auction . "I want to t...

Junior tennis players: turn pro or go to college?

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Agents Bet on Future at the Juniors Tournament "“Juniors are the lifeblood of the business,” said Norman Canter, an agent and owner o...
Wednesday, September 29, 2010

Kindergarten applications in Manhattan

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A Frenzied First Day for Applying to Private Kindergartens "As the new school year begins, another annual rite of Manhattan education ...
Tuesday, September 28, 2010

Proposal for porn education in Switzerland

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Bettina Klaus writes about a form of sex education that might not catch on everywhere (or even anywhere): "The "Jeunes Socialist...
Monday, September 27, 2010

Thoughts on kidney exchange in a steady state

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As kidney exchange grows, a growing number of people are thinking about how it might be organized. We can welcome to the club  Larry Ausube...
1 comment:
Sunday, September 26, 2010

Bernanke on economic engineering

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Speech by Chairman Ben S. Bernanke, At the Conference Co-sponsored by the Center for Economic Policy Studies and the Bendheim Center for Fin...
Saturday, September 25, 2010

Organ markets, transplant tourism, and compensation of donors in Asia

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The Australian ABC News carries a story about transplant tourism that seems to focus on China (but which I hope is a little dated ): Austral...
Friday, September 24, 2010

College admissions through the common ap, and supplements as signals

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The Common Application makes it easy to apply to one more college. So colleges that use it get an increase in applications, some of which m...
3 comments:
Thursday, September 23, 2010

San Francisco school choice goes in-house

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Those of you who have been following school choice developments here know that, for the past year,  Atila Abdulkadiroglu, Clayton Featherst...
5 comments:
Wednesday, September 22, 2010

What have we learned from market design? Update to Roth 2008

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Not quite a new paper, but I was asked to provide a postscript for Roth (2008). What have we learned from market design? Update to Roth (2...
Tuesday, September 21, 2010

Computational aspects of matching

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The Third International Workshop on Computational Social Choice Düsseldorf, Germany, September 13–16, 2010, looks to have been a very intere...
Monday, September 20, 2010

A poorly designed Medicare auction

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Peter Cramton writes: Dear Al, Below is my email to colleagues in market design. The "brief note" below tells the story. If any ...
2 comments:

Kidney exchange at the Center for Research on Computation and Society

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I'll be speaking today at Harvard's CRCS lunchtime talk: Monday, September 20, 2010: Alvin Roth, Harvard Business School on Kidney ...
Sunday, September 19, 2010

Kidney exchange at NEPKE and the APD

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At XXIII International Conference of The Transplantation Society in Vancouver this past August, colleagues of mine presented the following t...
Saturday, September 18, 2010

The market for books (right after the invention of printing)

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Printed books didn't replace hand lettered books and scrolls overnight. The Boston Globe interviews Andrew Pettegree, a professor of ...
Friday, September 17, 2010

Cleaning up the scramble for medical residents with SOAP

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Changes are coming in the scramble that follows the medical resident match run by the National Resident Matching Program ( NRMP ). A new, se...
Thursday, September 16, 2010

Could academic tenure become a repugnant transaction?

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In an essay in the NY Times Book Review, Christopher Shea reflects on some recent books that suggest it might: The End of Tenure? "In...
Wednesday, September 15, 2010

Judd Kessler on the roommate problem in 2002

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In response to my recent posts on roommate matching for college students, Judd Kessler points me to a newspaper column he wrote in 2002, on...

Scott Duke Kominers at Yahoo!

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You can see a very short video of Scott , drunk on market design juice, being interviewed at The View from Yahoo! Labs’ Key Scientific Chall...
Tuesday, September 14, 2010

The Craigslist market for erotic/adult services

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Scott Cunningham at Baylor, who is a serious student of illicit labor markets (e.g. the market for sex), writes "Not sure if you saw...
Monday, September 13, 2010

NSF "Grand Challenge" white paper on market design

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The National Science Foundation has asked for two-thousand-word 'white papers ' on challenges worth exploring over the next decade. ...
Sunday, September 12, 2010

Matchmaking at Harvard, the roommate problem

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The Crimson reports, In Choosing Roommates, Deans Become Matchmakers . "The day is June 10, and Resident Dean of Freshmen Sue Brown e...
Saturday, September 11, 2010

Somali Pirates

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U.S. Forces Free Ship From Somali Pirates "American officials said the rescue appeared to be the first time the American military had...
Friday, September 10, 2010

Dual career couples

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Although dual career couples in academia aren't strictly speaking (only) a gender concern, the best collection of resources on academic ...
1 comment:
Thursday, September 9, 2010

Shana Tova, 5771

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Calendars both mark the passage of time and help people coordinate their activities. Labor Day is late this year, and the Jewish new year, R...
Wednesday, September 8, 2010

A long non-simultaneous kidney exchange chain

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Mike Rees' revolution in kidney exchange-- non-simultaneous extended altrusitic donor (NEAD) chains --continues to grow.. Here's a s...
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Al Roth
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