Loading...

Market Design Approaches to Inequality I

461 views

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Dec 23, 2013

Presenter(s): Scott Kominers

Kominers discussed how tools, methods, and approaches from market design can be used to address issues of inequality. He illustrated key market design principles through a case study on the design of school choice mechanisms. Strategy-proofness—a guarantee that each participant's optimal strategy is to reveal his or her preferences truthfully—promotes equal access by reducing the benefits of strategic sophistication. Elimination of justified envy—ruling out the possibility that someone may prefer the outcome of someone else who has lower priority—both promotes fairness and ensures market stability. Thickening a market—incentivizing full participation in the market mechanism—improves transparency, reduces corruption, and makes outcomes more efficient.

Loading...

When autoplay is enabled, a suggested video will automatically play next.

Up next


to add this to Watch Later

Add to

Loading playlists...