TY - JOUR TI - An Invitation to Market Design AU - Kominers, Scott Duke AU - Teytelboym, Alexander AB - Market design seeks to translate economic theory and analysis into practical solutions to real-world problems. By redesigning both the rules that guide market transactions and the infrastructure that enables those transactions to take place, market designers can address a broad range of market failures. In this paper, we illustrate the process and power of market design through three examples: the design of medical residency matching programs; a scrip system to allocate food donations to food banks; and the recent “Incentive Auction” that reallocated wireless spectrum from television broadcasters to telecoms. Our lead examples show how effective market design can encourage participation, reduce gaming, and aggregate information, in order to improve liquidity, efficiency, and equity in markets. We also discuss a number of fruitful applications of market design in other areas of economic and public policy. DP - Zotero SP - 43 LA - en KW - _C:Australia AUS KW - _C:Brazil BRA KW - _C:Chile CHL KW - _C:Germany DEU KW - _C:India IND KW - _C:Indonesia IDN KW - _C:Israel ISR KW - _C:Japan JPN KW - _C:Singapore SGP KW - _C:Sweden SWE KW - _C:Syrian Arab Republic SYR KW - _C:United Kingdom GBR KW - _C:United States USA KW - __C:filed:1 KW - __C:scheme:1 KW - ❓ Multiple DOI ER - TY - JOUR TI - Powerful Reforms in Education: The perspective of developing countries on visuospatial reasoning in mathematics education AU - Owens, Kay DP - Google Scholar ST - Powerful Reforms in Education KW - _C:Australia AUS KW - _C:Ethiopia ETH KW - _C:Guinea GIN KW - _C:Malaysia MYS KW - _C:Nepal NPL KW - _C:Netherlands NLD KW - _C:Papua New Guinea PNG KW - _C:United States USA KW - _C:Zambia ZMB KW - __C:filed:1 KW - __C:scheme:1 KW - ⛔ No DOI found ER -