What Have We Learned From Market Design?

Roth, Alvin E.

doi:10.3386/w13530

Cited by 27 publications

(27 citation statements)

References 65 publications

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“…This evidence has important implications for researchers and practitioners who work on improving the efficiency of a market. They have so far mostly focused on turning decentralized markets into centralized ones, such as the market for medical residents and fellows (see Roth 1984;Roth and Peranson 1999;Roth 2008). 22 However, centralizing a decentralized market is a challenging task.…”

Section: Resultsmentioning

confidence: 99%

Propose with a rose? Signaling in internet dating markets

Lee

Niederle

Kim³

et al. 2014

Exp Econ

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A growing number of papers theoretically study the effects of introducing a preference signaling mechanism. However, the empirical literature has had difficulty proving a basic tenet, namely that an agent has more success when the agent uses a signal. This paper provides evidence based on a field experiment in an online dating market. Participants are randomly endowed with two or eight ''virtual roses'' that a participant can use for free to signal special interest when asking for a date. Our results show that, by sending a rose, a person can substantially increase the chance of the offer being accepted, and this positive effect is neither because the rose attracts attention from recipients nor because the rose is associated with unobserved quality. Furthermore, we find evidence that roses increase the total number of dates, instead of crowding out offers without roses attached. Despite the positive effect of sending roses, a substantial fraction of participants do not fully utilize their endowment of roses and even those who exhaust their endowment on average do not properly use their roses to maximize their dating success.

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Section: Resultsmentioning

confidence: 99%

Propose with a rose? Signaling in internet dating markets

Lee

Niederle

Kim³

et al. 2014

Exp Econ

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“…46 Successful markets also have to continually adapt to changes in the environment. 47 For kidney exchange, those things mean that we need to learn from best practices, and develop new ones.…”

Section: Discussionmentioning

confidence: 99%

Transplantation

Roth

2015

Transplantation

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“…Market quality has been described as "the extent to which a market satisfies its participants" [45]. Commonly identified characteristics of high quality markets are: thickness, low congestion, safety, simplicity, transparency, immediacy and low search and transaction costs [18,45,46]. They therefore represent the success criteria for a PITO design in a PPIM.…”

Section: Design Criteriamentioning

confidence: 99%

Designing a Personal Information Transaction Object

Farrelly

Chew

2016

2016 49th Hawaii International Conference on System Sciences (HICSS)

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As mobile and wearable technologies grow in popularity, ever-increasing volumes of valuable, finegrained personal information are generated as people go about their daily lives. This information may be exchanged by individuals for "free" services, but there is currently no widely adopted means by which individuals can benefit financially from their personal information. To address this problem we consider a Primary Personal Information Market (PPIM) -a market on which individuals can be financially compensated in exchange for access to their personal information. We draw on Design Science and Market Engineering to justify design choices for a permissions-based Personal Information Transaction Object (PITO), a commodity which could be successfully traded on a Primary Personal Information Market.

show abstract

What Have We Learned From Market Design?

Cited by 27 publications

References 65 publications

Propose with a rose? Signaling in internet dating markets

Propose with a rose? Signaling in internet dating markets

Transplantation

Designing a Personal Information Transaction Object

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