Market Design, Human Behavior, and Management-Reference-Cited by-同舟云学术

Market Design, Human Behavior, and Management

Published:2021-09 Issue:9 Volume:67 Page:5317-5348
ISSN:0025-1909
Container-title:Management Science
language:en
Short-container-title:Management Science

Author:

Chen Yan¹²^ORCID,Cramton Peter³^ORCID,List John A.⁴^ORCID,Ockenfels Axel³^ORCID

Affiliation:

1. School of Information, University of Michigan, Ann Arbor, Michigan 48109;

2. Department of Economics, School of Economics and Management, Tsinghua University, Beijing 100084, China;

3. Department of Economics, University of Cologne, 50923 Köln, Germany;

4. Kenneth C. Griffin Department of Economics, University of Chicago, Chicago, Illinois 60637

Abstract

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. This paper was accepted by David Simchi-Levi, Special Section of Management Science: 65th Anniversary.

Publisher

Institute for Operations Research and the Management Sciences (INFORMS)

Subject

Management Science and Operations Research,Strategy and Management

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