Who Gets What — And Why
The New Economics of Matchmaking and Market Design
by:
Alvin E. Roth
in:
Economics
Summary:
The book explores the intricacies of market design and how different markets require specific rules to facilitate successful matches between parties, such as in job markets, school admissions, and organ donations. It delves into the principles of matching theory and the role of economists in crafting marketplaces that are efficient, equitable, and encourage cooperation among participants.
Key points:
1. Market Design: Roth's concept of market design involves structuring transaction rules in a market to influence its efficiency and fairness.
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