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Economic Engineering and the Design of Matching Markets: The Contributions of Alvin E. Roth
Author(s) -
Jackson Matthew O.
Publication year - 2013
Publication title -
the scandinavian journal of economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.725
H-Index - 64
eISSN - 1467-9442
pISSN - 0347-0520
DOI - 10.1111/sjoe.12026
Subject(s) - matching (statistics) , economics , welfare , key (lock) , human welfare , industrial organization , computer science , market economy , medicine , computer security , pathology
Alvin Roth's research on, and design of, new economic systems has had a wide and large impact on human welfare, from the matching of residents to medical programs, to the assignment of students to schools, to the manner in which kidneys are allocated to patients needing transplants. This article discusses his important contributions to the understanding and improvement of matching markets, highlighting Roth's key roles in some of the most prominent successes of market design and the ascension of economic engineering.