Making Markets with Prof. Scott Duke Kominers (HBS) & James Currier
The NFX Podcast
00:00
The Foundational Research Question of Market Design
When we say marketplaces, in fact, if you want to stretch it, I mean, all of society is sort of a marketplace. And so when you're talking about market dynamics and designing marketplaces, you're really talking about how do you design society in a way? So there's no failure because you didn't wake up in the morning thinking you wanted to transact and then there was a failure. It just hadn't occurred to you that you could get somebody who lives down the street from you to give you a ride to work on an Uber or Lyft, right? The same thing with marketplaces, very difficult to fly.
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