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Alvin Roth

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  1. Milken Institute1h 4m

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

    Alvin Roth, Dan Ariely, Peter Purcell

    Nobel laureate Al Roth explains how market design distinguishes between commodity and matching mechanisms to address structural frictions like exploding offers and congestion that cause real-world inefficiencies. By applying these principles to complex systems, he has facilitated life-saving kidney exchanges and proposed regulatory shifts for high-frequency trading and healthcare to align incentives with social welfare. Roth argues that intentional institutional redesign, rather than reliance on price signals alone, is essential for optimizing outcomes in labor, criminal justice, and education sectors.

Alvin Roth: Interviews, Talks and Panel Discussions