Marketplaces are often small parts of large markets, and so potential marketplace participants may have large strategy sets, that include actions taken outside of the marketplace. And markets require social support, so the behavior of people who do not intend to participate in the market may nevertheless be important for market design. This lecture will illustrate these points with some examples, drawing most heavily on the experience of kidney exchange. Participants Lecture by Alvin Roth, 2012 Nobel Laureate in Economic…
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