2023
Chapter
More Equal by Design: Economic Design Responses to Inequality

Market Design Under Weak Institutions

Format:Print

Abstract

As market designers begin to address economic inequality, we will necessarily also begin to engage marginalized populations who have so far not been served well by the markets in which they participate. We will need new market designs for participants who may not trust the people with whom they interact and who may not even trust the market itself to operate as advertised. Put another way, we will need to operate under (perceived) institutional weakness in which the rules of engagement may not be well enforced.

Keywords

Market Design; Equality and Inequality; Trust; Emerging Markets

Citation

Roth, Benjamin N. "Market Design Under Weak Institutions." In More Equal by Design: Economic Design Responses to Inequality, edited by Scott Duke Kominers and Alex Teytelboym. Oxford University Press, forthcoming.