Why markets fail — and how to fix them (ft. Nobel economist Alvin Roth)
About this episode
Nobel Prize winner Alvin Roth discusses his work on market design and coordination systems that address complex matching problems.
Long before crypto made coordination programmable, Nobel Prize winner Alvin Roth was designing markets where coordination could save lives. In this episode of First Principles, Roth tells the story of how he helped build systems for some of the hardest matching problems in the world, from where doctors train and where students go to school to how kidney donors can reach the patients who need them.
More episodes of a16z crypto show
- Why auction design matters (ft. Nobel economist Paul Milgrom)
- Leslie Lamport on the Science of Distributed Systems
- Before Blockchains, There Was State Machine Replication (ft. Barbara Liskov and Tim Roughgarden)
- How Bitcoin Rewired a Classic Computer Science Problem (ft. Tim Roughgarden and Ittai Abraham)
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