Unraveling Yields Inefficient Matching: Evidence from Post-Season College Football Bowls
AbstractMany markets have â€œunraveledâ€ 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 â€œbowlâ€ 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 â€œchampionshipâ€ games.
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Bibliographic InfoPaper provided by University of Pittsburgh, Department of Economics in its series Working Papers with number 259.
Date of creation: Jan 2004
Date of revision: Jan 2004
Other versions of this item:
- Guillaume R. FrÃ©chette & Alvin E. Roth & M. Utku Ãœnver, 2007. "Unraveling yields inefficient matchings: evidence from post-season college football bowls," RAND Journal of Economics, RAND Corporation, vol. 38(4), pages 967-982, December.
- Guillaume Frechette & Alvin E. Roth & M. Utku Ãœnver, 2004. "Unraveling Yields Inefficient Matchings: Evidence from Post- Season College Football Bowls," Microeconomics, EconWPA 0404001, EconWPA, revised 24 Sep 2004.
- 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.
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
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