Unraveling yields inefficient matchings: evidence from post-season college football bowls
AbstractMany markets have âunraveledâ and experienced transactions at dispersed and apparently inefficiently early times. Often these markets develop institutions to coordinate and delay the timing of transactions. However it has proved difficult to gather data that allows the efficiency gains to be identified and measured. The present paper considers a market for which such data can be gathered. Prior to 1992, college football teams were matched for post-season play, in âbowlâ games, up to several weeks before the end of the regular football season. Since 1992, the market has undergone a series of reorganizations that postpone this matching until the end of the regular season. We show that this has promoted more efficient matching of teams, as measured by the resulting television viewership. The chief driver has been the increased ability of later matching to produce âchampionshipâ games.
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Bibliographic InfoArticle provided by RAND Corporation in its journal RAND Journal of Economics.
Volume (Year): 38 (2007)
Issue (Month): 4 (December)
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Other versions of this item:
- FrÃ©chette, Guillaume & Unver, M. Utku & Roth, Alvin, 2007. "Unraveling Yields Inefficient Matchings: Evidence from Post-Season College Football Bowls," Scholarly Articles 2570385, Harvard University Department of Economics.
- Guillaume Frechette & Alvin E. Roth & M. Utku Ünver, 2004. "Unraveling Yields Inefficient Matchings: Evidence from Post- Season College Football Bowls," Microeconomics 0404001, EconWPA, revised 24 Sep 2004.
- M.Utku Unver, 2004. "Unraveling Yields Inefficient Matching: Evidence from Post-Season College Football Bowls," Working Papers 259, University of Pittsburgh, Department of Economics, revised Jan 2004.
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
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