Unraveling Yields Inefficient Matchings: Evidence from Post-Season College Football Bowls
Many markets have “unraveled†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 “championship†games.
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| Length: | |
| Date of creation: | 2007 |
| Publication status: | Published in Rand Journal of Economics |
| Handle: | RePEc:hrv:faseco:2570385 |
| Contact details of provider: | Postal: Littauer Center, Cambridge, MA 02138 Phone: 617-495-2144 Fax: 617-495-7730 Web page: http://www.economics.harvard.edu/ More information through EDIRC
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- Alvin E Roth & Richard A Posner & Christine Jolls & Christopher Avery, 2007.
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Levine's Bibliography
843644000000000288, UCLA Department of Economics.
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