market design

More Post-season Tournament Design Issues: Mls Tiebreakers

Michael Giberson For DC United fans, the MLS season is over.  While some fans contemplate coaching and roster changes, a few of us are still scratching our heads about the MLS tiebreaker rules and the complications presented by the final weekend of play (which had five teams angling for two remaining post-season positions. See here …

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Post-season Tournament Design: Seeding Issues

Michael Giberson The NCAA post-season basketball tournament is seeded such that better teams are paired against weaker teams in the first round.  In fact, the highest seeded team is paired against the weakest team, the second highest seeded team against the next weakest team, and so on.  If the better seeded teams win each game, …

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The Real Meaning of Al Roth’s Spam Blog Email: Time to Leave the Bargain Bin

Michael Giberson Al Roth, at his Market Design blog, mentions that his site had been flagged as possibly in violation of Blogger terms of service by his blog host’s anti-spam blog software.  He reports that he can still post, but until he gets a review by the Blogger folks he must prove he is probably …

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We Can “Cure” High Frequency Trading, but is It Really a Public Policy Problem?

Michael Giberson High frequency trading practices by some financial firms have spilled into the news. The Economist provides a summary of the issue.  Bloomberg notes the Sen. Charles Schumer has proposed to ban one such trading strategy. Here, Tyler Cowen said he is not worred about high frequency trading (HFT).  In a follow-up, he said: …

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Auctions As Tools to Limit Government Discretion

Michael Giberson Auctions, especially auctions of government property, are not a tool of the rich…  As principles of market design become more thoroughly articulated and widely understood, the sphere of governmental discretion will shrink. More and more, politicians will be forced to play by the rules. That’s David Warsh writing on the relationship between the …

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