scholarly journals The Parable of the Auctioneer: Complexity in Paul R. Milgrom’s Discovering Prices

2020 ◽  
Vol 58 (4) ◽  
pp. 1180-1196
Author(s):  
Scott Duke Kominers ◽  
Alexander Teytelboym

Designing marketplaces in complex settings requires both novel economic theory and real-world engineering, often drawing upon ideas from fields such as computer science and operations research. In Discovering Prices: Auction Design in Markets with Complex Constraints, Milgrom (2017) explains the theory and design of the United States’ “incentive auction” that reallocated wireless spectrum licenses from television broadcasters to telecoms. Milgrom’s account teaches us how economic designers can grapple with complexity both in theory and in practice. Along the way, we come to understand several different types of complexity that can arise in marketplace design. (JEL D43, D44, D47, L96, L98)

2016 ◽  
Vol 54 (1) ◽  
pp. 243-246

Roger H. Gordon of University of California, San Diego reviews “The Rise of the Value-Added Tax”, by Kathryn James. The Econlit abstract of this book begins: “Explores the evolution of the value-added tax (VAT) from relative obscurity to one of the world's most dominant revenue systems, why countries have adopted the VAT, and why different countries adopt different types of VAT. Discusses the rise of the value-added tax; an introduction to the good VAT; an introduction to the many real VATs in existence; the conventional approach to explaining the rise of the VAT; moving toward an alternative approach to explaining the rise of the VAT; case studies on the real-world challenges of VAT reform in Australia and the United States; and conclusions on the rise of the value-added tax.”


Author(s):  
Anne Nassauer

This book provides an account of how and why routine interactions break down and how such situational breakdowns lead to protest violence and other types of surprising social outcomes. It takes a close-up look at the dynamic processes of how situations unfold and compares their role to that of motivations, strategies, and other contextual factors. The book discusses factors that can draw us into violent situations and describes how and why we make uncommon individual and collective decisions. Covering different types of surprise outcomes from protest marches and uprisings turning violent to robbers failing to rob a store at gunpoint, it shows how unfolding situations can override our motivations and strategies and how emotions and culture, as well as rational thinking, still play a part in these events. The first chapters study protest violence in Germany and the United States from 1960 until 2010, taking a detailed look at what happens between the start of a protest and the eruption of violence or its peaceful conclusion. They compare the impact of such dynamics to the role of police strategies and culture, protesters’ claims and violent motivations, the black bloc and agents provocateurs. The analysis shows how violence is triggered, what determines its intensity, and which measures can avoid its outbreak. The book explores whether we find similar situational patterns leading to surprising outcomes in other types of small- and large-scale events: uprisings turning violent, such as Ferguson in 2014 and Baltimore in 2015, and failed armed store robberies.


Drug Safety ◽  
2021 ◽  
Vol 44 (4) ◽  
pp. 447-454 ◽  
Author(s):  
Yasser Albogami ◽  
Amir Sarayani ◽  
Juan M. Hincapie-Castillo ◽  
Almut G. Winterstein

2021 ◽  
Vol 32 ◽  
pp. S103
Author(s):  
D. Beachler ◽  
F. Lamy ◽  
F. Kolitsopoulos ◽  
J. Dinh ◽  
A. Papazian ◽  
...  

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