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Publications
Publications
  • 2008
  • Chapter
  • The New Palgrave Dictionary of Economics

Matching and Market Design

By: Muriel Niederle, Alvin E. Roth and Tayfun Sonmez
  • Format:Print
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Abstract

Matching is the part of economics concerned with who transacts with whom and how. Models of matching, starting with the Gale-Shapley deferred acceptance algorithm, have been particularly useful in studying labour markets and in helping design clearinghouses to fix market failures. Studying how markets fail also gives us insight into how market places work well. They need to provide a thick, uncongested market in which it is safe to participate. Clearinghouses that do this have been designed for many entry-level professional labor markets, for the assignment of children to public schools, and for exchange of live-donor kidneys for transplantation if available.

Keywords

Market Design; Marketplace Matching; Outcome or Result; Mathematical Methods

Citation

Niederle, Muriel, Alvin E. Roth, and Tayfun Sonmez. "Matching and Market Design." In The New Palgrave Dictionary of Economics. 2nd ed. Edited by Steven Derlauf and Larry Blume. Hampshire, U.K.: Palgrave Macmillan, 2008.

About The Author

Alvin E. Roth

→More Publications

More from the Authors

    • 2022
    • Faculty Research

    When Do Individuals Give Up Agency? The Role of Decision Avoidance

    By: Holly Dykstra, Christine L. Exley and Muriel Niederle
    • September 2021
    • Management Science

    Kidney Exchange: An Operations Perspective

    By: Itai Ashlagi and Alvin E. Roth
    • June 2021
    • Management Science

    The Role of Beliefs in Driving Gender Discrimination

    By: Katherine B. Coffman, Christine L. Exley and Muriel Niederle
More from the Authors
  • When Do Individuals Give Up Agency? The Role of Decision Avoidance By: Holly Dykstra, Christine L. Exley and Muriel Niederle
  • Kidney Exchange: An Operations Perspective By: Itai Ashlagi and Alvin E. Roth
  • The Role of Beliefs in Driving Gender Discrimination By: Katherine B. Coffman, Christine L. Exley and Muriel Niederle
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