Good for Dale! We have to set up a mechanism so Dale can lend his parking permit to us when he is not around.
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6 comments
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November 16, 2010 at 9:52 am
Daniel Reeves
I’m going to be very disappointed in you all if your mechanism doesn’t involve bidding and actual money changing hands.
November 16, 2010 at 11:15 am
glenn macdonald
But I thought searching for an open spot was Dale’s favorite activity?
November 16, 2010 at 11:39 am
Sandeep Baliga
He is an expert on the huge efficiency gains that are triggered by reducing search. As Daniel says, we need to merge this with the insights of Roger Myerson and have the huge efficiency gains from designing a mechanism.
November 17, 2010 at 11:11 am
Scott
It’s the same thing at Berkeley, one of the few ways you can get a parking spot on campus (as opposed to parking at one of the faculty lots a half mile away) is by winning a Nobel.
http://blog.makezine.com/archive/2010/02/uc_berkeley_has_nobel_laureate_only.html
November 17, 2010 at 1:10 pm
Lones Smith
It seems to me that even when he is in town, it is efficient that Dale rents out his parking space to some over-paid accounting prof who thinks a Bellman equation describes the Bell curve… 🙂
November 24, 2010 at 3:15 pm
Parkeerprijs | eco.nomie.nl
[…] Toch benieuwd hoe ze dat op een topfaculteit in de VS doen. Parkeerplaatsen worden daar verhandeld op een interne markt? Geveild wellicht? Eh, niet dus. De volgende foto van de parkeerplaats van Princeton dook vorige week op: [via] […]