Market Design, Human Behavior, and Management

Yan Chen (), Peter Cramton, John List and Axel Ockenfels
Additional contact information
Yan Chen: School of Information, University of Michigan, Ann Arbor, Michigan 48109; Department of Economics, School of Economics and Management, Tsinghua University, Beijing 100084, China

Management Science, 2021, vol. 67, issue 9, 5317-5348

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.

Keywords: market design; human behavior; management (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (5)

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http://dx.doi.org/10.1287/mnsc.2020.3659 (application/pdf)

Related works:
Working Paper: Market Design, Human Behavior and Management (2020)
Working Paper: Market Design, Human Behavior, and Management (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:67:y:2021:i:9:p:5317-5348

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