2012 Nobel Economics Prize Winner Alvin Roth: In One Hundred YearsQuicklink submitted by Rob Kall Permalink
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|For those of you reading this in 2112, let me introduce myself by saying that in the late 20th and early 21st centuries I studied the design of matching markets, which are markets in which price alone doesn't clear the market, and so participants can't just choose what they want (even if they can afford it), they also have to be chosen. These are markets that involve application or selection processes or other forms of courtship. Matching markets determine some of the most important events of our lives: where we go to school, who we marry, what jobs we get, even whether we get a lifesaving organ for transplant if we should happen to need one. So I'll concentrate my predictions on these things, namely schools, jobs, marriage and family, and medicine, along with some thoughts about the possible state of economic expertise, i.e. the , i.e. the things that economists produce & sell.|
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