Webinar Series
The Efficiency of a Dynamic Decentralized Two-sided Matching Market
This paper studies a decentralized dynamic matching market by using data from a large ride-sharing platform to estimate a model of search and matching between drivers and passengers. The authors measure the preferences for trips and waiting costs of passengers and drivers. The authors assess whether and to what extent centralized algorithms that require different information sets can improve efficiency, and the authors show that information on agent preferences and search lengths are particularly important for the platform to implement algorithms that increase revenue and the total surplus of drivers and passengers.
2022
Session Chair: Mitsuru IGAMI
Associate Professor of Economics, Yale University
Tracy Xiao LIU, Associate Professor, Department of Economics, School of Economics and Management, Tsinghua University
Co-authors:
ZhiXi WAN, Professor, Faculty of Business and Economics, University of Hong Kong
Chenyu YANG, Assistant Professor, Department of Economics, University of Maryland
Xiaolan ZHOU, Zijiang Endowed Young Scholar, Faculty of Economics and Management, East China Normal University
Speakers
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Tracy Xiao LIU
Associate Professor, Department of Economics, School of Economics and Management, Tsinghua University
Tracy Xiao Liu graduated with a bachelor's degree at Renmin University of China and earned a PhD in information science at the University of Michigan, Ann Arbor. She has worked at Tsinghua SEM since graduation. Her research interests include experimental economics, behavioral economics, information economics and market design.Liu has published papers in top journals of economics and management such as Management Science, Games and Economic Behavior and the Journal of Development Economics, and at top conference proceedings in computer science including SIGKDD Conference on Knowledge Discovery and Data Mining (KDD) and the International Joint Conference on Artificial Intelligence (IJCAI). -
Xiaolan ZHOU
Zijiang Endowed Young Scholar, Faculty of Economics and Management, East China Normal University
Xiaolan Zhou received her Ph.D. in economics and M.A. in economics from Yale University, and her B.A. in economics and mathematics from Wuhan University. She is currently a Researcher in the Faculty of Economics and Management at the East China Normal University. Xiaolan Zhou's research focuses on empirical industrial organization. Her recent work has explored such topics as evaluating the impact of industrial policies in China’s automobile industry, market mechanism design for online marketplaces, and standard essential patent pricing in the smartphone industry. -
Mitsuru IGAMI
Associate Professor of Economics, Yale University
Mitsuru Igami studies strategic industry dynamics. He is an associate professor at Yale Department of Economics and serves as a co-editor of the International Journal of Industrial Organization.
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Session Format
Each session lasts for 1 hour 10 minutes (25 minutes for the author, 25 minutes for the discussion and 20 minutes for participants' Q&A). Please note that this webinar will be governed by the Chatham House Rule.
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