Tue, 29 December 2015
AIPIS 106 – Alvin E. Roth, Who Gets What – and Why: The New Economics of Matchmaking and Market Design
Today’s guest, Alvin E. Roth, has written a book about markets. If you are wondering what type of market - as Mr. Roth tells us himself - it’s not important what type of market. It’s the market itself. He guides us through the interview discussing chapters of his book, Who Gets What – and Why, with real life examples of the organ donation market and the online matchmaking market. He even shares his thoughts on how realtors have survived in our internet-based, do-it-yourself economy.
[2:15] The rules of a marketplace constitute its design
[5:34] Alvin Roth analyzes the surprising U.S. real estate market
[9:48] Give realtors the 6% they deserve?
[13:33] Matching markets allow you to choose and be chosen
[15:59] The market of donating organs
[18:10] What rules should apply to repugnant transactions
[21:55] The government both interferes and supports all types of contracts
[25:35] Who Gets What – and Why can be used as a field guide to markets
[26:44] How to understand signals of interest
[27:58] The matchmaking market signal experiment
[30:52] Contact information for Alvin Roth