Market Design.

• Position: Program and Working Group Meetings

The NBER's Working Group on Market Design met in Cambridge October 20-21. Working Group Co-Directors Michael Ostrovsky of Stanford University and Parag A. Pathak of MIT organized the meeting. These researchers' papers were presented and discussed:

* Haluk Ergin, University of California, Berkeley and Tayfun Sonniez and Utku Unver, Boston College, "Efficient and Incentive Compatible Liver Exchange"

* Nikhil Agarwal, MIT and NBER; Itai Ashlagi, Stanford University; Paulo J. Somaini, Stanford University and NBER; Michael A. Rees, University of Toledo Medical Center; and Daniel C. Waldinger, MIT, "An Empirical Framework for Sequential Assignments: The Allocation of Deceased Donor Kidneys"

* Eric Budish, University of Chicago and NBER; Robin S. Lee, Harvard University and NBER; and John Shim, University of Chicago, "Will the Market Fix the Market? A Theory of Stock Market Competition and Innovation"

* Albert Kyle, University of Maryland, and Jeongmin Lee, Washington University in St. Louis, "Toward a Fully Continuous Exchange"

* Paul Milgrom and Ilya Segal, Stanford University, "Deferred-Acceptance Clock Auctions and Radio Spectrum Reallocation"

* Lawrence Ausubel, University of Maryland; Christina Aperjis, Power Auctions LLC ; and Oleg V. Baranov, University of Colorado Boulder, "Market Design and the FCC Incentive Auction"

* Ulrich Doraszelski and Katja Seim, University of Pennsylvania and NBER; Michael Sinkinson, Yale University and NBER; and Peichun Wang, University of Pennsylvania, "Ownership Concentration and Strategic Supply Reduction" (NBER Working Paper No. 23034)

New Directions: Transportation and Market Design

* Michael Ostrovsky and Michael Schwarz, Google Research, "Carpooling and the Economics of Self-Driving Cars"

* Peter Cramton, University of Maryland; Richard Geddes, Cornell University; and Axel Ockenfels, University of Cologne, "Markets for Road Use: Eliminating Congestion through Scheduling, Routing, and Real-Time Road Pricing"

* Juan Camilo Castillo, Stanford University; Dan Knoepfle, Uber; and Glen Weyl, Microsoft Research, "Surge Pricing Solves the Wild Goose Chase"

* Parag A. Pathak and Peng Shi, MIT, "How Well Do Structural Demand Models...