Unraveling Yields Inefficient Matchings: Evidence from Post-Season College Football Bowls
AbstractMany markets have â€œunraveledâ€ and experienced inefficient, early, dispersed transactions, and subsequently developed institutions to delay transaction timing. It has previously proved difficult, however, to measure and identify the resulting efficiency gains. Prior to 1992, college football teams were matched for post-season play up to several weeks before the end of the regular season. Since 1992, the market has reorganized to postpone this matching. We show that the matching of teams affects efficiency as measured by the resulting television viewership, and that the reorganization promoted more efficient matching, chiefly as a result of the increased ability of later matching to produce â€œchampionshipâ€ games.
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Bibliographic InfoPaper provided by Harvard University Department of Economics in its series Scholarly Articles with number 2570385.
Date of creation: 2007
Date of revision:
Publication status: Published in Rand Journal of Economics
Other versions of this item:
- Guillaume R. Fréchette & Alvin E. Roth & M. Utku Ünver, 2007. "Unraveling yields inefficient matchings: evidence from post-season college football bowls," RAND Journal of Economics, RAND Corporation, RAND Corporation, vol. 38(4), pages 967-982, December.
- M.Utku Unver, 2004. "Unraveling Yields Inefficient Matching: Evidence from Post-Season College Football Bowls," Working Papers, University of Pittsburgh, Department of Economics 259, University of Pittsburgh, Department of Economics, revised Jan 2004.
- Guillaume Frechette & Alvin E. Roth & M. Utku Ünver, 2004. "Unraveling Yields Inefficient Matchings: Evidence from Post- Season College Football Bowls," Microeconomics, EconWPA 0404001, EconWPA, revised 24 Sep 2004.
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
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