Project SherlockEst. Knowledge

Lecture

2012

The Theory and Practice of Market Design

Alvin E. Roth

Argues market design is applied economics: repurposing Gale-Shapley matching theory to fix real allocation problems -- kidney exchange, school choice, medical residencies -- where prices cannot clear the market.

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FreeAdvancedlink checked 17 Sept 2026

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College Admissions and the Stability of MarriageDavid Gale & Lloyd S. Shapley, 1962Proves a stable matching always exists for any set of two-sided preferences and gives a constructive procedure, deferred acceptance, that finds one -- the founding result of matching-market theory.

Filed under Game Theory & Mechanism Design in Economics.