NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Market Design, Human Behavior, and Management

Yan Chen, Peter Cramton, John A. List, Axel Ockenfels

NBER Working Paper No. 26873
Issued in March 2020
NBER Program(s):Industrial Organization, Labor Studies

We review past research and discuss future directions on how the vibrant research areas of market design and behavioral economics have influenced and will continue to impact the science and practice of management in both the private and public sectors. Using examples from various auction markets, reputation and feedback systems in online markets, matching markets in education, and labor markets, we demonstrate that combining market design theory, behavioral insights, and experimental methods can lead to fruitful implementation of superior market designs in practice.

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Document Object Identifier (DOI): 10.3386/w26873

 
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