Market Design

I'll post market design related news and items about repugnant markets. See also my Stanford profile. I have a general-interest book on market design: Who Gets What--and Why The subtitle is "The new economics of matchmaking and market design."

Tuesday, February 20, 2018

Tim Bresnahan, Ariel Pakes and Rob Porter win BBVA Award, for their pioneering work in industrial organization, and Bill Nordhaus wins for his work in climate change

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Breaking news: The BBVA Foundation recognizes Bresnahan, Pakes and Porter for opening up the field of empirical industrial organization ...

Israel celebrates Sergiu Hart

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The Israel Prize goes to Sergiu Hart! Here's a picture of him I once took in Jerusalem: Sergiu Hart Here's the story from th...
Monday, February 19, 2018

Making algorithms fair

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Fairness is elusive, even in algorithms. "Color blindness" doesn't do the trick, since minority populations may differ in oth...
Sunday, February 18, 2018

Harm reduction (for opioids) in Canada

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Here's a story from the Washington Post: At the heart of Canada’s fentanyl crisis, extreme efforts that U.S. cities may follow ...
Saturday, February 17, 2018

School choice and privilege in Washington D.C. [updated]

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A benefit (or a cost) of having clearly defined rules is that you can see when exceptions are made. (What could look like flexibility in ...
Friday, February 16, 2018

Sex work, Craigslist, and the law; podcast with Scott Cunningham

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Here's a link to an interview with Scott Cunningham, whose work on sex work I've blogged about before . There's a surprising am...
Thursday, February 15, 2018

Bermuda steps backward on same sex marriage

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The NY Times has the story: Bermuda Outlaws Gay Marriage, Less Than a Year After It Became Legal "Bermuda has forbidden same-sex ma...
Wednesday, February 14, 2018

Algorithms for Valentines Day, in the WSJ (update: and elsewhere)

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The "Numbers" column in the Wall Street Journal salutes Valentines Day by discussing the deferred acceptance algorithm, and menti...
Tuesday, February 13, 2018

Market design and artificial intelligence (AI) by Milgrom and Tadelis

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Two veteran market designers reflect on how AI is entering market design, building on their recent work on the incentive spectrum auction, ...
Monday, February 12, 2018

Congratulations to Paul Milgrom: 2017 CME Group-MSRI Prize

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The award ceremony is today:   2017 CME Group-MSRI Prize The  1 2 th  annual C ME Group-MSRI Prize in Innovative Quantitative Applicat...
Sunday, February 11, 2018

Opioids and pharma sales

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Prescription pain medicines have played a significant role in the opioid epidemic.  Recently, the makers of OxyContin have decided to stop ...
Saturday, February 10, 2018

Where man's best friend also tastes good: the market for dog meat in Korea

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The winter Olympics in Korea is bringing out stories about the restaurants there that have dog meat on the menu, and about how foreigners m...
Friday, February 9, 2018

Altruistic kidney donation in Israel: Matnat Chaim (gift of life)

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Matnat Chaim (gift of life) is an Israeli organization, led by a rabbi, that promotes living kidney donation.  It's been quite success...
Thursday, February 8, 2018

Laura Doval on kidney exchange in Argentina

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Laura Doval , a market designer who teaches at Cal Tech and who hails from Argentina, has an article in FOCO ECONÓMICO about some of the ma...
Wednesday, February 7, 2018

Uneven playing fields in school choice: the consequences of manipulability

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 Here's a study of a school choice system using the manipulable (not strategy proof) immediate acceptance ("Boston") algorith...
Tuesday, February 6, 2018

A landmark market design paper, on school choice in NYC, by Abdulkadiroglu, Agarwal, and Pathak

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When market design was young, it was a game played by game theorists.  As it matured, and we wanted market designs be adopted, implemented,...
Monday, February 5, 2018

Cadavers and the slave trade

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The NY Times has an article on the intersection of the slave trade in the United States with the market for cadavers for anatomy classes in...
Sunday, February 4, 2018

Super bowl thought by Kim Krawiec: football players are paid, why not kidney donors?

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While checking up on the super bowl, I'm reminded that Kim Krawiec posted this:  Super Bowl Week OpEd "As the Super Bowl appro...

Changing of the guard at Management Science (but papers on market design are solicited)

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Here's an email announcement from Yan Chen and Axel Ockenfels about the recent change of editors at Management Science: "We wou...
Saturday, February 3, 2018

Risks of living kidney donation: a meta-analysis

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Better information is accumulating on the risks of living kidney donation. A meta-analysis has just been published January 30 in the Annals...
Friday, February 2, 2018

San Francisco Will Clear Thousands of Marijuana Convictions

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What happens when a formerly repugnant transaction goes from being illegal to being legal? The NY Times has the story: San Francisco Will...
Thursday, February 1, 2018

Colleges that get a lot of applications read each one quickly (WSJ)

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How to deal with congestion?  Move fast...  Here's the story from the WSJ: Some Elite Colleges Review an Application in 8 Minutes (or...
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Al Roth
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