Department of Economics and Finance
phone (307)766-2195
fax (307)766-5090
owenphil@uwyo.edu

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During the 2005-06 academic year I was a visiting scholar at the Harvard Business School. My affiliation was with the Negotiation, Organizations, and Markets (NOM) unit. This group does exciting experimental work to better understand bargaining, organization behavior, incentives, and market design. Al Roth is with the NOM unit. He is in the midst of designing protocols that match organ donors with people who need transplants. He also has designed matching schemes for students with schools, and law clerks with judges. His matching theory and experimental work are having visible impacts on difficult exchange problems.

Beginning in July 2006 I will be working closely with the Enhanced Oil Recovery Institute at the University of Wyoming. Old oil wells can be rejuvenated by injecting carbon dioxide or other substances into the well. Wyoming has plenty of old wells and plenty of carbon dioxide from natural gas production. The task is to identify the most profitable wells for enhanced recovery. The Institute wants to form a better connection between private enterprise and the profit potential of enhanced recovery in the State.

Over the years John Kagel and Charlie Plott have made some of the most interesting applications of experimental markets to industrial organization. They have a continuing impact on the direction of research I do with coauthors Chuck Mason and Dale Menkhaus, especially with respect to oligopoly behavior in multiple markets and collusion in auctions.