Who Gets What—and WhyFrom the winner of the Nobel Prize in Economics, a "fluent and accessible" guide to understanding matching markets (Economist.com). "An exciting practical approach to economics that enables both individuals and institutions to achieve their goals without running afoul of the profit motive." — Kirkus Reviews (starred review) Most of the study of economics deals with commodity markets, where the price of a good connects sellers and buyers. But what about other kinds of "goods," like a spot in the Yale freshman class or a position at Google? If you've ever sought a job or hired someone, applied to college or guided your child into a good kindergarten, asked someone out on a date or been asked out, you've participated in a kind of market. This is the territory of matching markets, where "sellers" and "buyers" must choose each other, and price isn't the only factor determining who gets what. In Who Gets What—and Why, Nobel laureate Alvin E. Roth reveals the matching markets hidden around us and shows us how to recognize a good match and make smarter, more confident decisions. "In this fascinating, often surprising book, Alvin Roth guides us through the jungles of modern life, pointing to the many markets that are hidden in plain view all around us." —Dan Ariely, author of Predictably Irrational and The (Honest) Truth About Dishonesty "Mr. Roth's work has been to discover the most efficient and equitable methods of matching, and implement them in the world. He writes with verve and style . . . Who Gets What—and Why is a pleasure to read." — Wall Street Journal "A book filled with wit, charm, common sense, and uncommon wisdom." —Paul Milgrom, professor of economics, Stanford University and Stanford Business School |
Contents
Thwarted Desires How Marketplaces Fail | 55 |
Design Inventions to Make Markets Smarter Thicker and Faster | 131 |
Forbidden Markets and Free Markets | 193 |
Back Matter | 233 |
Back Flap | 261 |
Back Cover | 262 |
Spine | 263 |
Other editions - View all
Who Gets What--and why: The New Economics of Matchmaking and Market Design Alvin E. Roth Limited preview - 2015 |
Who Gets What--and why: The New Economics of Matchmaking and Market Design Alvin E. Roth No preview available - 2016 |
Who Gets What - And Why: The Hidden World of Matchmaking and Market Design Alvin Roth No preview available - 2015 |
Common terms and phrases
Airbnb Alvin American applicants bidder blocking pairs Boston bowls buyers candidates cash chains clearinghouse clerks commodity markets competition congestion couples credit card deceased-donor deferred acceptance algorithm doctors donation donors early offers eBay Economics economists example exchange-traded funds exploding offers gastroenterologists high school hire hospitals Internet iPhone judges kidney exchange kidney transplant kids kind law school licenses Lloyd Shapley look market design market failure market thick marketplace marriage matching markets NEPKE Orange Bowl organized package parents participants patient-donor pairs patients problem Public Schools rank order list redesign repugnant residency programs restaurant Roth rules safe same-sex marriage school choice sealed bid auction sell sellers signal smartphones someone sometimes stable matching surgeons Tayfun teams there’s thick market things tion trade transactions true preferences unraveling Utku York
