Monday, December 11, 2023

Market Design and Maintenance (new NBER working paper, from a conference)

This paper began as a presentation at the NBER conference on New Directions in Market Design, in the Spring of 2023

 Market Design and Maintenance by Alvin E. Roth.  NBER WORKING PAPER 31947
DOI 10.3386/w31947, ISSUE DATE December 2023

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.

There will eventually be a conference volume published by U. Chicago Press, and some of the papers are already online, and slides and  videos from the conference are here.

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