How market design can help markets function effectively - EXPeditions

How market design can help markets function effectively

by Alex Teytelboym
  • Key point 1
    From supermarkets to auction houses, market design is integral to ensuring systems of trade function to the benefit of their participants.
  • Key point 2
    Effective markets have several fundamental properties. Most importantly, markets should be fair, easy to use and efficient.
  • Key point 3
    When properly designed and implemented, markets are capable of supporting complex trades without the use of money. In the case of organ donors and recipients, this can save hundreds or even thousands of lives a year.