A model of price discovery and market design: Theory and empirical evidence

2004 ◽  
Vol 24 (12) ◽  
pp. 1107-1146 ◽  
Author(s):  
Michael T. Chng
Keyword(s):  
Empirical Evidence ◽  
Design Theory ◽  
Price Discovery ◽  
Market Design

Privatizations: Auction and Market Design during a Crisis1

2017 ◽  
Author(s):  
Vasiliki Skreta
Keyword(s):  
Economic Theory ◽  
Empirical Evidence ◽  
Market Design ◽  
Costs And Benefits

This chapter has three main goals. First, to give an account of privatizations in Greece, both before and during the crisis. Second, to offer a framework to think about the costs and benefits of privatizations, based both on theory and on empirical evidence. Third, to provide insights from economic theory on how best privatizations should be organized.

scholarly journals The uberisation of housing markets: putting theory into practice

2017 ◽  
Vol 35 (2) ◽  
pp. 202-216 ◽  
Author(s):  
Andrea Sharam ◽  
Lyndall Bryant
Keyword(s):  
Real Estate ◽  
Design Theory ◽  
Market Design ◽  
Housing Markets ◽  
Housing Affordability ◽  
Matching Markets ◽  
Structured Interviews ◽  
Content Type ◽  
Digital Disruption ◽  
Development Risk

Purpose Digital disruption offers an innovative opportunity to address housing affordability issues through the use of market design theory and two-sided matching markets. The purpose of this paper is to scope a model for how “uberisation” can revolutionise the traditional apartment delivery model in Australia, leading to improved housing affordability. Design/methodology/approach This paper uses semi-structured interviews with operators of online real estate platforms and deliberative developers to examine how the principles of “uberisation”, that is two-sided matching markets, are driving innovation in the apartment supply process. Findings Findings confirm that real estate internet platforms and deliberative developers innovators are informed by the benefits of aggregating demand to reduce development risk, thus enabling apartments to be provided at a substantially lower price than by traditional methods. Research limitations/implications The number of interviews is small reflecting the limited number of market actors currently engaged in the innovations investigated. Originality/value This research is innovative as it introduces theoretical understandings gained from market design theory and applies those concepts to disrupt the apartment development process.

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