Who Gets What--and why - The New Economics of Matchmaking and Market Design

In the intricate world of markets and exchanges, not all transactions are governed by simple supply and demand dynamics. Alvin E. Roth's exploration into the economics of matchmaking and market design reveals the profound impact of carefully structured mechanisms on achieving efficient and equitable outcomes. By delving into real-world applications such as kidney exchanges, school admissions, and job placements, this work illuminates how thoughtful market design can solve complex allocation problems where traditional price-based markets fail.

• Matching markets differ fundamentally from standard markets because prices cannot easily equilibrate supply and demand.
• Designing mechanisms...

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