Temporary parking sign spotted near the Stanford GSB/Economics department by Michael Ostrovsky (via Google+)
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6 comments
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October 15, 2012 at 7:31 am
twicker
They might want to wait on their luck next time …
October 15, 2012 at 9:25 am
Osama Rahman
But they called it right, so why wait on their luck next time?
October 15, 2012 at 8:01 am
Digitopoly | A Nobel Prize for Market Design
[…] that idea back to Lloyd Shapley and placed more weight on contributions to auctions. Stanford were nonetheless on to this yesterday. Nonetheless, the Nobel prize decided to focus on matching markets — that is, markets […]
October 15, 2012 at 8:08 am
Core Economics | A Nobel Prize for Market Design
[…] that idea back to Lloyd Shapley and placed more weight on contributions to auctions. Stanford were nonetheless on to this yesterday. Nonetheless, the Nobel prize decided to focus on matching markets — that is, markets […]
October 15, 2012 at 2:37 pm
Enrique
Ironically, parking scarcity might be a good way of testing Al Roth’s matching markets model. That is, instead of “regulation” (or a flat-out prohibition on parking), why not “auction”off parking rights to those most willing to pay for them — like the new smart meters in San Francisco?
October 16, 2012 at 1:13 am
Anonymous
Free market dies…