Alvin Roth, winner of the Nobel Prize in Economic Sciences and Professor of Economics at Stanford University joins us on The Big Trade Series for an insightful conversation on market design. Alvin introduces his concepts on the commodity and matching markets. A discussion follows on which category the stock market falls into and its implications, as well as the impact of capital control and the role of high frequency trading. Peter shares his concerns regarding the TPP, particularly on protectionism and its impacts on multinational companies. The conversation then shifts to repugnant transactions as Alvin provides examples including Uber, same sex marriage, kidney transplants and more. The dialogue quickly progresses into the role of government intervention in the free market. The episode wraps up as Alvin shares some useful takeaways from his new book Who Gets What — and Why: The New Economics of Matchmaking and Market Design.
Who Gets What - and Why ft. Professor Alvin Roth