Marketplaces are often small parts of large markets, and so potential marketplace participants may have large strategy sets, that include actions taken outside of the marketplace. And markets require social support, so the behavior of people who do not intend to participate in the market may nevertheless be important for market design. This talk will illustrate these points with some examples, drawing on experience from the design of school choice systems and kidney exchange clearinghouses.
Al Roth is a professor of Economics at Stanford. He shared the 2012 Nobel prize in Economics for "the theory of stable allocations and the practice of market design".
