Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (1 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   1 comment

2012 Nobel Economics Prize Winner Alvin Roth: In One Hundred Years

Quicklink submitted By   Follow Me on Twitter     Message Rob Kall     Permalink
Related Topic(s): ; ; ; , Add Tags

View Ratings | Rate It Headlined to H4 10/16/12

Become a Fan
  (306 fans)
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.

Read the rest of the story HERE:


- Advertisement -
- Advertisement -