Marketplaces are often small parts of large markets, and both markets and marketplaces
come in many varieties. Market design seeks to understand what marketplaces must …

We introduce a simple model of dynamic matching in networked markets, where agents
arrive and depart stochastically and the composition of the trade network depends …

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 …

We show that kidney exchange markets suffer from market failures whose remedy could
increase transplants by 30 to 63 percent. First, we document that the market is fragmented …

We study dynamic matching in an infinite-horizon stochastic market. Although all agents are
potentially compatible with each other, some are hard to match and others are easy to …

We study dynamic matching in exchange markets with easy-and hard-to-match agents. A
greedy policy, which attempts to match agents upon arrival, ignores the positive externality …

The paper investigates conditions which guarantee the existence of a stable outcome in a
school matching in the presence of peer effects. We consider an economy where students …

This article gives a (very) brief exposition of what market design is, along with four examples
of market design in action. Loosely themed after Robert Frost's poem" Mending Wall," the …

We study marketplaces in which participants arrive over time, looking to interact with each
other. While such interactions have historically been decentralized, the past few years have …

Issue Summary: Kidney exchange enables transplants for patients who have a willing live
but incompatible donor by arranging swaps and chains with other patient-donor pairs. Each …