Market Design and Maintenance
Working Paper 31947
DOI 10.3386/w31947
Issue Date
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.
Published Versions
Forthcoming: Market Design and Maintenance, Alvin E. Roth. in New Directions in Market Design, Lo, Ostrovsky, and Pathak. 2024