marketdesignideas.docVIP

Market Design Ideas ? Market Design Ideas ?Econ ?2056/ HBS 2150??? Market Design ?Al Roth and Peter Coles, Spring 2007 Market design ideas are everywhere.? The following news articles, taken mostly from the NY Times, the WSJ, and other newspapers, describe either new markets (often with URL’s, since many are internet markets), or markets that are experiencing some problem that might be amenable to market design. These are meant as a set of articles to help you think about markets you might want to analyze from a design point of view, either by thinking about one of the markets here, or just by getting you in the mood to see design problems as they crop up all around you. ? The articles are about markets involving Matching borrowers and lenders (without banks) [2 articles, 2/5/06 and 2/13/06] Ticket price futures Recruiting college athletes (matching athletes to colleges) [2 articles] Online recruiting UK medical matching (without preferences:) The Upfront (futures) market for television advertisements Internet real estate sales (without realtors) [3 articles] Post-season college football bowls Market for Votes (at Harvard:) Economics of virtual worlds Predictions (markets as aggregators of information) [2 articles] Personalized pricing of airfares High volume stock trades College admissions (wait lists) [2 articles] Auctions for patents Automated mediation (dispute resolution) A (single buyer) market for kidneys? Common casting at Harvard Freshman blocking groups (residence affiliations) at Harvard New academic journals Online dating/Speed Dating [3 articles] Unraveling in Antique Markets Airline Slot Auctions at LaGuardia Inbreeding in Academia in Spain Markets for Virtual Goods Student Loans ? Matching borrowers and lenders (without banks) NY Times, February 5, 2006 On the Contrary Where Lender Meets Borrower, Directly By DANIEL AKST ABOUT 10 years ago, a man named J. Richard Fredericks, who focused on commercial banking during a