Who Gets What — and Why | Alvin E. Roth, Nobel Laureate in Economics | Talks at Google
Talks at Google Talks at Google
2.27M subscribers
19,335 views
0

 Published On Aug 18, 2015

In conversation with Google's Hal Varian, Professor Alvin E. Roth will discuss market design and his new book. 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.

show more

Share/Embed