market-design   10

Import AI: #91: European countries unite for AI grand plan; why the future of AI sensing is spatial; and testing language AI with GLUE. | Import AI
“The principles needed to build planetary-scale inference-and-decision-making systems of this kind, blending computer science with statistics, and taking into account human utilities, were nowhere to be found in my education.”

Things that make you go ‘hmmm’: Mr Jordan thanks Jeff Bezos for reading an earlier draft of the post. If there’s any company well-placed to build a global ‘intelligent infrastructure’ that dovetails into the physical world, it’s Amazon.
ai-policy  market-design 
may 2018 by elrob
The Economics of Organ Donations | EconTalk | Library of Economics and Liberty
really thought-provoking dialogue on kidney market, and how it makes things better, for everyone
november 2016 by tonyyet
Market Design (MD)
Over the past two decades, economic research and ideas have played an increased role in the practical organization and design of markets. Some examples include auctions for spectrum, electricity, Treasury bills, timber, and other commodities; tradable permit systems for pollution abatement and other environmental regulations; internet search advertising; market mechanisms for innovation; labor market clearinghouses; centralized systems for the allocation of organs; formal procedures for student assignment; and other related matching and trading processes. In each of these cases, both theory and empirical and experimental research have influenced the design of market institutions.

"Market design" examines the reasons why markets institutions fail and considers the properties of alternative mechanisms, in terms of efficiency, fairness, incentives, and complexity. Research on market design is influenced by ideas from industrial organization and microeconomic theory; it brings together theoretical, empirical, and experimental methods, with an aim of studying policy-relevant tradeoffs with practical consequences. The NBER's Market Design Working Group, established in the fall of 2008, seeks to create a forum for bringing together leading researchers in the field of Market Design. To encourage research on Market Design, the Working Group will host a series of workshops where new work will be presented.
november 2016 by tonyyet
Carmona, Fehr, Hinz, and Porchet, "Market Design for Emission Trading Schemes" SIAM Rev. (2010)
"We review the existing quantitative analyses on the subject and introduce some of the mathematical challenges posed by the implementation of the new phase of the European Union Emissions Trading Scheme as well as the cap-and-trade schemes touted by the U.S., Canada, Australia, and Japan. From a practical point of view, the main thrust of the paper is the design and numerical analysis of new cap-and-trade schemes for the control and reduction of atmospheric pollution."
review-article  cap-and-trade  politics  emissions  carbon  markets  market-design 
august 2010 by arthegall
op-ed contributor - this economy does not compute - op-ed -
'something of the attitude of economic traditionalists spilled out a number of years ago at a conference where economists and physicists met to discuss new approaches to economics. [...] a prominent economist objected that the use of computational models amounted to “cheating” or “peeping behind the curtain,” and that respectable economics, by contrast, had to be pursued through the proof of infallible mathematical theorems.'
econ  markets  market-dynamics  internal-market-dynamics  market-design  modeling  simulation 
october 2008 by chl-archive

related tags

ai-policy  al.roth  alvin_roth  auctions  cap-and-trade  carbon  econ  economics  emissions  game-theory  internal-market-dynamics  market-dynamics  markets  modeling  politics  review-article  simulation  sneaker 

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