Who Gets What - And Why: The New Economics of Matchmaking and Market Design

A decent discussion relating to non-price competition The below is a review of the MP3 audiobook version of this workThis book is an examination of matchmaking in markets where conventional price making does not apply. For example in the market for kidneys, on-line dating services, selection processes used in placing high school students in NY and Bosto. Great introduction to market design A. Menon Who gets what and why gives the reader an idea about how careful structuring of a market place can lead to great improvements in efficiency. The field that the author received the nobel prize in has been growing in importance over the last few decades and there is no doubt that design of market place. Match Maker, Match Maker, Make me a Match. owen Alvin Roth is among the few who created Behavioral Economics as a field and freed us from ideological stupidity. He won a share of the Economics version of the Nobel Prize for this and has worked at the best universities in the country. This is an easily read version of his ideas concerning markets.

But what about other kinds of "goods," like a spot in the Yale freshman class or a position at Google? 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. Most of the study of economics deals with commodity markets, where the price of a good connects sellers and buyers. In Who Gets What - And Why, Roth reveals the matching markets hidden around us and shows how to recognize a good match and make smarter, more confident decisions.. Roth is one of the world's leading experts on matching markets. A Nobel laureate reveals the often surprising rules that govern a vast array of activities - both mundane and life-changing - in which money may play little or no role.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. Alvin E. He has even designed several of them, including the exchange that places medical students in residencies and the system that increases the number of kidney transplants by better matching donors to patients