Market Design and Maintenance

Alvin Roth

No 31947, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Because no marketplace operates in isolation from the larger world, marketplace designs may need to adapt to changes in the larger environments. I discuss such changes in connection with the labor markets for new doctors, new Ph.D. economists, and for kidney exchange transplants. But while practical market design presents a host of challenges, it also offers many rewards. Among the rewards to market designers themselves is the opportunity to become intimately familiar with markets that shape the lives and careers of their participants.

JEL-codes: D47 (search for similar items in EconPapers)
Date: 2023-12
New Economics Papers: this item is included in nep-des
Note: LS
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Citations:

Forthcoming: Market Design and Maintenance , Alvin E. Roth. in New Directions in Market Design , Lo, Ostrovsky, and Pathak. 2024

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