Who Gets What — and Why: The New Economics of Matchmaking and Market Design by Alvin E. Roth
English | June 2nd, 2015 | ISBN: 0544291131, 0544705289 | 272 pages | EPUB | 1.24 MB
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? 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. 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.