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Market Design, Human Behavior, and Management

Yan Chen, Peter Cramton (), John List () and Axel Ockenfels

No 26873, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: C91 C93 D4 D47 D9 (search for similar items in EconPapers)
Date: 2020-03
New Economics Papers: this item is included in nep-des, nep-evo and nep-exp
Note: IO LS
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Published as Yan Chen & Peter Cramton & John A. List & Axel Ockenfels, 2021. "Market Design, Human Behavior, and Management," Management Science, vol 67(9), pages 5317-5348.

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