Friday, June 19, 2020

The UpFront market for television ads: is it time to change its timing?

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The coronavirus pandemic is an opportunity for advertisers and television networks to renegotiate an odd feature of their market for advert...
Thursday, June 18, 2020

Nicola Lacetera, on The Ethics and Economics of Paying Plasma Donors

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Nicola Lacetera is among the leaders in studying public views about compensating donors of various sorts. Here he discusses the plasma sup...
Wednesday, June 17, 2020

Peter Jaworski on The Case for Voluntary Remunerated Plasma Collections

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Peter Jaworski makes the case for allowing compensation of plasma donors in the wealthy nations of the British Commonwealth: Bloody Well ...
Tuesday, June 16, 2020

Vic Fuchs considers healthcare organization going forward, in JAMA

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Vic Fuchs has a lot of insight into American healthcare. Here are his proposals for after the pandemic (or perhaps for a new administration...
Monday, June 15, 2020

Paul Milgrom corrects the record on spectrum auctions and market design

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Paul Milgrom responds in detail to some scurrilous online criticisms and innuendos about market designers in general and spectrum auctions...
Sunday, June 14, 2020

Economics and Computation 2020: virtual, early and often (from June 15 to July 22)

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The EC conference will be virtual this year, and the organizers have given that some thought.  Here's an announcement (via Jason Hartli...
Saturday, June 13, 2020

Kidney exchanges and Shapley values

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Here's a paper aimed at thinking about kidney exchange cooperation among European national kidney exchange programs. The Shapley value ...
Friday, June 12, 2020

Tools to allocate medical supplies in a crisis: Cramton, Ockenfels, Roth and Wilson in Nature

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Publishing a commentary in Nature is a dizzying process for anyone accustomed to the stately dance of publishing in Economics.  It's fa...
Thursday, June 11, 2020

The pandemic market for disinfectants (including Bourbon scented hand sanitizer)

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Disinfectants, particularly those used in medical settings, are regulated, both to make sure that they are effective at disinfecting, and t...
Wednesday, June 10, 2020

Laws and law enforcement for actions whose illegality is controversial (the case of 'honor killing')

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Repugnant transactions and actions are sometimes banned with the full force of the law: consider  e.g. narcotics trafficking in the U.S., w...
Tuesday, June 9, 2020

Cognomos--course allocation software by Eric Budish et al.

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Cognomos is a site that will put school administrators in touch with the designers of  Wharton's Course Match, which I've blogge...
Monday, June 8, 2020

Policing in our decentralized American democracy

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The current dismal news about how American minorities are often more endangered than protected by American police forces raises a market de...
Sunday, June 7, 2020

How will the pandemic affect the medical Match?

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Some thoughts on the medical match in JAMA: Potential Implications of COVID-19 for the 2020-2021 Residency Application Cycle Maya M. Ham...
Saturday, June 6, 2020

USP celebrates Marilda Sotomayor: “It was like a good dream, in the middle of this nightmare that we are living in”

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The JORNAL DA USP, the newspaper of the Universidade de São Paulo, celebrates Marilda Sotomayor on the occasion of her election to the Amer...
Friday, June 5, 2020

The design of the economics profession, in the Journal of Economic Literature

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The current issue of the JEL actually includes several papers on market design. The one I blogged about yesterday concerns market design ...
Thursday, June 4, 2020

David Levine on market design, in the Journal of Economic Literature

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David Levine uses a book review in the JEL as an opportunity to think about what distinguishes real market design from imitations. Radica...
Wednesday, June 3, 2020

Kidney Exchange: an Operations Perspective by Ashlagi and Roth

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Here's a survey that puts some emphasis on the many changes in the design of kidney exchange operations and processes that have moved i...
Tuesday, June 2, 2020

Market Design, Human Behavior, and Management, by Chen, Cramton, List and Ockenfels

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Here is a sweeping review of some of the highlights of market design, notable for its attention to the role of experiments. Market Design...
Monday, June 1, 2020

Interview congestion in the Ophthalmology Residency Match

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An ophthalmology residency program surveyed all its applicants on their experience in the match: Current Applicant Perceptions of the Oph...
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...