Minimalist Market Design

A Framework for Economists with Policy Aspirations
Erscheinungsjahr 2027
ISBN: 978-1-009-87082-5
Verlag: Cambridge University Press

Buch, Englisch, 275 Seiten

Reihe: Econometric Society Monographs

In Minimalist Market Design, Tayfun Sönmez offers a history of his approach and methodology, introducing a framework for the 'outsider critic' to drive institutional reform. Drawing on twenty-five years of experience, he formulates how 'use-inspired' theory can correct systemic failures, providing a roadmap for navigating the 'Discovery–Invention Cycles' that lead to both high-impact research and actionable policy. From pioneering kidney and liver exchanges to school choice and optimizing US Army branching; from correcting constitutional failures in India's affirmative action system to navigating pandemic resource rationing, Sönmez effectively illustrates the minimalist approach. Along the way he proves to be an efficient guide, giving the reader an intellectual history, while empowering researchers to transform microeconomic theory into a powerful tool for social justice, healthcare, and public policy. This title is also available as Open Access on Cambridge Core.

Autoren/Hrsg.

Sönmez, Tayfun

Inhaltsverzeichnis

1. Minimalist Market Design: A Proven Framework; 2. Foundations and Features of Minimalist Market Design; 3. From Theory to Practice: The Role of Innovation Models; 4. Advice for Economic Designers with Policy Aspirations; 5. Housing Allocation; 6. School Choice; 7. Kidney Exchange; 8. US Army's Branching Process; 9. Reserve Systems; 10. Affirmative Action in India; 11. Medical Resource Rationing During COVID-19; 12. Liver Exchange; 13. Contributions, Insights and Directions on Behavioral Market Design; 14. Minimalist Design Across Diverse Domains; 15. Epilogue.

Über Autor(innen)

Sönmez, Tayfun
Tayfun Sönmez is a Professor in the Department of Economics at Boston College. A pioneer in market design, he bridges rigorous theory with high-impact policy. Having co-introduced foundational models for school choice and kidney exchange, his work includes pandemic rationing, liver exchange, Army branching, and constitutional implementation of affirmative action in India-proving microeconomic theory offers solutions to the world's pressing challenges.