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The cover of Who Gets What And Why

Who Gets What And Why

Alvin E. Roth

How do markets decide who gets scarce things like kidneys, jobs and school places, and how can they be designed better?

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At a glance

Author
Alvin E. Roth

Why read it

  • You will understand why who gets a scarce thing, such as a kidney, depends on how a market is designed
  • You will spot the many ways markets fail, from moving too early or too fast to being congested or too risky
  • You will question why some trades are forbidden, such as selling horsemeat in a California restaurant

Who it is for

  • A policy maker designing a system that allocates scarce places
  • A curious reader asking why some markets work and others fail
  • An entrepreneur building an online marketplace

Contents

  1. PART I
  2. Markets Are Everywhere
  3. Introduction: Every Market Tells a Story
  4. Markets for Breakfast and Through the Day
  5. Lifesaving Exchanges
  6. PART II
  7. Thwarted Desires: How Marketplaces Fail
  8. Too Soon
  9. Too Fast: The Greed for Speed
  10. Congestion: Why Thicker Needs to Be Quicker
  11. Too Risky: Trust, Safety, and Simplicity
  12. PART III
  13. Design Inventions to Make Markets Smarter, Thicker, and Faster
  14. The Match: Strong Medicine for New Doctors
  15. Back to School
  16. Signaling
  17. PART IV
  18. Forbidden Markets and Free Markets
  19. Repugnant, Forbidden … and Designed
  20. Free Markets and Market Design

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