Covid vaccines appointments and black market (scalpers) [podcast]

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In this fifth podcast, we discuss covid vaccine appointments, the potential for a black market, and how to address this issue. When I hear that scientific research is useless, and doesn't connect to the world, I tend to pick market design examples, which is one of the fields of research of Pr.Hakimov and the topic of this podcast.

For example, market design led to significant improvements in kidney transplant allocation, or in the case of our discussion to find a solution to prevent the black market for appointment (scalpers). The results of Pr.Hakimov paper, published one of the top 5 journals of economics, has practical use in numerous situations: concerts, doctors' appointments, visa etc.

Pr.Rustam Hakimov is a tenure track assistant professor at the University of Lausanne. His research is connected to experimental and behavioral economics as well as market design.

TIMESTAMPS:
1:34 Introduction: market design and Pr-Hakimov
2:58 Pr.Rustam Hakimov's background
4:22 What is market design?
10:45 What is matching markets?
11:50 Model vs. Reality: What about the equilibrium assumption
13:40 Lab experiments in economics?
16:23 How did you end up in this field? Knowledge exposure!

MAIN THEME: Appointments and black market
21:52 Black market for visa in Germany (AER paper)
27:50 What doesn't work to prevent "scalpers"?
30:30 The solution! (Batch system)
34:55 Other examples where it works
36:50 How to allocate the slot for the appointment of COVID vaccines?
40:46 Policy recommandation and communication with policy makers

PRIORITY FOR THE VACCINES ITSELF
53:24 Priority for COVID vaccines
1:03:22 Developed vs. Developping countries


RESOURCES:
-Policy piece:
Hakimov, Rustamdjan, Christian-Philipp Heller, Dorothea Kübler, and Morimitsu Kurino. “Appointments for vaccinations – restoring fairness and avoiding black markets.” BSE Insights. https://www.berlin-econ.de/bse-insights/vaccines

-Hakimov, Rustamdjan, Christian-Philipp Heller, Dorothea Kübler, and Morimitsu Kurino. “How to avoid black markets for appointments with online booking systems.” The American Economic Review, forthcoming.

-Budish, Eric, Peter Cramton, and John Shim. "The high-frequency trading arms race: Frequent batch auctions as a market design response." The Quarterly Journal of Economics130.4 (2015): 1547-1621.

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