Market Design

I post market design related news and items about repugnant markets. See my Stanford profile. I have a 2026 book : Moral Economics The subtitle is "From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work."

Wednesday, November 3, 2010

Visiting student: another option for undergraduates

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American students at four year colleges mostly apply to colleges and get admitted as freshmen. A much smaller number of students transfer fr...
1 comment:
Tuesday, November 2, 2010

Marketing colleges: Two paths to more applications, the common app, and fast-track

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An article in the Chronicle of Higher Ed sheds some light on two different ways that colleges try to market themselves to a larger pool of a...
Monday, November 1, 2010

Class notes for sale?

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NoteUtopia  seeks to become a marketplace for class notes taken by students; it offers to buy your class notes, or sell you someone else...
1 comment:
Sunday, October 31, 2010

Richard T. Gill, economist and opera singer

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Richard T. Gill, Economist and Opera Singer, Dies at 82 "Mr. Gill, a longtime Harvard faculty member who wrote many widely used econo...

Oil and gas auctions in Iraq

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Apparently it's hard to get energy companies to bid on some of Iraq's energy reserves, but that varies province by province. Iraq re...
Saturday, October 30, 2010

Regulation of repugnant transactions

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One argument for not outlawing repugnant transactions is that if they are legal they can be regulated. When people follow that line of reaso...
Friday, October 29, 2010

Sally Satel on compensating donors

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In my market design class today, I'll start off by talking about kidney exchange  (sometimes called kidney paired donation, KPD). After ...
Thursday, October 28, 2010

Physician, heal thyself: kidney docs as kidney donors

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Tufts Medical Center's physician newsletter has a feature on Kidney Transplantation  (starting on p4) that highlights the story of Dr. A...

Unraveling of pre-Christmas sales

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Stores Push Black Friday Into October  says the NY Times (today,Thursday, Oct 28): "The first “Black Friday Now” deals at Sears will...
2 comments:
Wednesday, October 27, 2010

Kidney paired donation conference: financing kidney exchange

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A conference in Philadelphia today will take a look at a so far unresolved aspect of kidney exchange : how to finance it. Since transplantat...
Tuesday, October 26, 2010

Flash sales--buying in a hurry

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Time Is Money ... "But commerce will always require the creation of scarcity, bottlenecks and stampedes. The most immediate way to do...
Monday, October 25, 2010

Susan Athey on online experiments

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My colleague Susan Athey (in whose class I'll be guest lecturing today) speaks to NPR : "Susan Athey: Did you know that every ti...
Sunday, October 24, 2010

Single-hospital kidney exchanges in Texas and Illinois

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A recent letter to the editor in the New England Journal of Medicine reports on the kidney exchange ("kidney paired donation") pro...
1 comment:
Saturday, October 23, 2010

How does repugnance change over time?

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Kwame Anthony Appiah's latest book proposes it has something to do with honor:  The Honor Code: How Moral Revolutions Happen . Here...
Friday, October 22, 2010

Centralized enrolment in New Orleans public schools

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The impetus seems to be special education, according to a story in the Times-Picayune , but the New Orleans public schools are going to comb...
Thursday, October 21, 2010

NSF ScienceLives interviews me on market design

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The NSF writes about market design by interviewing me... Economist Finds Best Matches for Students and Schools By Ellen Ferrante, National...
Wednesday, October 20, 2010

The history of the market for injectable insulin

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First came the great, long awaited discovery. The NY Times has a great account by Dr. Abigail Zuger: Rediscovering the First Miracle Drug . ...
Tuesday, October 19, 2010

Rakesh Vohra on repugnant contracts for onions

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Over at the Leisure of the Theory Class,  Rakesh  Vohra takes up the question of the day, which is Onions , and in particular, Public Law 85...
4 comments:

Comment on the proposed NRMP scramble following the resident match

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The NRMP website asked for comments on the NRMP's new plan for organizing the post-match scramble, and some of my young colleagues and ...
Monday, October 18, 2010

Is the law clerk hiring regime on its last legs?

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That's the question asked by an Oct 18 article in the National Law Journal. Clerkship scramble: The system for placing them with federal...
Sunday, October 17, 2010

The market for marijuana in CA--buying is almost legal, selling and growing not

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Another transaction takes another step from repugnant to not: Schwarzenegger approves bill downgrading marijuana possession of ounce or less...

Phone sex as a repugnant transaction

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I was struck by the opening paragraphs of this story: "In some ways, working as a phone-sex dominatrix is lot simpler than being on a...

Now you can buy copies of successful college applications

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The Chronicle of Higher Education reports on a new business venture aimed at applicants to selective colleges. For Sale: Successful Ivy Leag...
Saturday, October 16, 2010

Waiting lists

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In the Chronicle of Higher Education, Toni Adleberg, a recent NYU graduate compares her experiences on the waiting list for graduate admissi...
Friday, October 15, 2010

Commerce and self interest in medicine

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A Guided Tour of Modern Medicine’s Underbelly  is a NY Times  book review by Dr. Abigail Zuger of  the book WHITE COAT, BLACK HAT: Adventure...
2 comments:
Thursday, October 14, 2010

Regulation of the hours that medical residents can work

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The Chronicle of Higher Education reports Accreditor Tightens Limits on Medical Residents' 80-Hour Workweeks "Doctors in training...
1 comment:
Wednesday, October 13, 2010

Market design at Aarhus University in Denmark

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The Center for Research in the Foundations of Electronic Markets  is having an inaugural conference, Oct. 13-15. The full program is here ...
Tuesday, October 12, 2010

The problem with Princeton

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France Wrestles With Its 2 Tiers of Higher Education The article, from the New York Times, discusses the French higher education system of...

Interview concerning San Francisco school choice

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The San Francisco Briefing Room carries an audio interview by Stan Goldberg with Attila Abdulkadiroglu and me (about 30 minutes): Assignment...
Monday, October 11, 2010

Results of Games 1st choice prediction competition

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Here's the end (or maybe the middle) of the story that began with  Predicting behavior in games: a competition : Results of Games 1st...
Sunday, October 10, 2010

Vacancy chains: hiring from your competitors, and having them hire from you

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Six Technology Firms Agree to More Hiring Competition "The American job market is tough for many workers, but things are looking even...
Saturday, October 9, 2010

The job market in computer science

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Lance Fortnow, blogging at Computational Complexity, posts what is apparently an Annual Fall Jobs Post  about the academic job market in com...
1 comment:
Friday, October 8, 2010

Organ donation legislation in California

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Judd Kessler (who you could hire this year) writes about changes in CA law regarding organ donation, including live donation: On Tuesday,...
Thursday, October 7, 2010

College admissions--a state of the union interview

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The Chronicle of Higher Education reports an interview with the departing head of the National Association for College Admissions Counseling...
2 comments:
Wednesday, October 6, 2010

Principal agent problems, where the agent is a surgeon and the principal is a patient

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Pauline Chen writes in the NY Times about The Surgeon’s Pact With the Patient "[The] belief — that surgeons can be both Dr. Jekyll and...
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...
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Al Roth
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