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

Who Gets What — and Why: The New Economics of Matchmaking and Market Design Review

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. 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? 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.

Alvin E. Roth is one of the world’s leading experts on matching markets. 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. 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.

Title:Who Gets What — and Why: The New Economics of Matchmaking and Market Design
Edition Language:English

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    Some Testimonial About This Book:

  • Mara

    [Preface/Warning: This is a long-ago unfinished review, but, in light of Lloyd Shapley's recent death, I figure it's time for me to just let it fly free as is.]And let the review begin: Well guys, I t...

  • Athan Tolis

    There’s an apocryphal story about how Richard Nixon’s speechwriter quit. Back in the days before the autocue became portable and discreet, speechwriters would create enormous flashcards through wh...

  • Amin

    "فارسی در ادامه"Devil is in the details! This is the number one lesson of this book for those want to bridge their knowledge to practice. Although sometimes the reader might get bored beca...

  • Ethan

    Alvin Roth won the Nobel Prize in economics. If you didn't know that, well, this book will make sure you do. Oh, he has also taught some brilliant PhD students, who has solved some very challenging ma...

  • Dick Hamilton

    I recognize I have no right to criticize a Nobel Prize winner, but while I liked the information presented in this book, I thought it was written at a level that was far too basic. I would have apprec...

  • Aloke

    I would include this in my list of books that explain how the world really works. Others on my list: Animal Spirits, The Great Escape. I feel like Factfullness would be another candidate and hopefully...

  • Bekhradaa

    3The business model that makes Google one of the most valuable companies in the world involves running auctions for words typed into its search engine. Every time you search, you not only see the “o...

  • Ami Iida

    It's an excellent game theory book. ...

  • Sandra

    A book about matching, and not E Harmony.com type of matching. I continue to be amazed at the role economists have in explaining how things work, and making things work better, and not just the stock ...

  • Diego

    Alvin Roth hace una divertida e inteligente presentación sobre el diseño de mercados, sobre como entender mejor como funcionan los mercados ( convencionales y de matching) nos ayuda a corregirlos cu...