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

Roth, Alvin E.

Hardcover

ISBN 10: 0544291131 ISBN 13: 9780544291133

Publisher: Houghton Mifflin Harcourt, 2015

Synopsis

A Nobel laureate reveals the often surprising rules that govern a vast array of activities — both mundane and life-changing — in which money may play little or no role.

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. 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? 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.

Alvin E. Roth is one of the world’s leading experts on matching markets. He has even designed several of them, including the exchange that places medical students in residencies and the system that increases the number of kidney transplants by better matching donors to patients. In Who Gets What — And Why, Roth reveals the matching markets hidden around us and shows how to recognize a good match and make smarter, more confident decisions.

About this title

From the Back Cover

In this fascinating, often surprising book, Alvin Roth guides us through the jungle of modern life, pointing to the many markets that are hidden in plain view all around us. He teaches us how markets work and fail and how we can build better ones. Dan Ariely, author of Predictably Irrational and The Honest Truth About Dishonesty


If you have a market you want to work better, Al Roth is your man. His new book is fun and compelling social science at its best. N. Gregory Mankiw, Robert M. Beren Professor of Economics, Harvard University, author of Principles of Economics

From the Inside Flap

A Nobel laureate reveals the often surprising rules that govern a vast array of activities both mundane and life-changing in which money may play little or no role.

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. 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? 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.

Alvin E. Roth is one of the world s leading experts on matching markets. He has even designed several of them, including the exchange that places medical students in residencies and the system that increases the number of kidney transplants by better matching donors to patients. In Who Gets What and Why, Roth reveals the matching markets hidden around us and shows how to recognize a good match and make smarter, more confident decisions.

Edition details

• Publisher: Houghton Mifflin Harcourt
• Publication date: 2015
• Language: English
• ISBN 10: 0544291131
• ISBN 13: 9780544291133
• Binding: Hardcover
• Number of pages: 260