The paper reports on the design, experimental testing, field implementation and performance of market policy replacements of an administrative procedures for procuring school transportation for disadvantaged children. The project involves route design, special auction design and implementation....

This paper reports experiments motivated by ongoing controversies regarding tick size in markets. The minimum tick size in a market dictates discrete values at which bids and asks can be tendered by market participants. All transaction prices must occur at these discrete values, which are...

The paper develops a decentralized mechanism for allocations and pricing under economic conditions that traditionally dictate administrative policies as solutions. Because of complex coordination problems, thin markets, and non-convexities including zero marginal cost due to lumpy transportation...

The paper addresses the issue of “fake news” through a well-known and widely studied experiment that illustrates possible uses of economics and game theory for understanding the phenomenon. Public news is viewed as an aggregation of decentralized pieces of valuable information about complex...