
Intro Econ 2: Markets & Pickles
Planet Money Summer School
00:00
Food Banks That Feed the Most Hungry People
Kannis and his colleagues came up with the big idea. How would it work if we set up a system in which all of the food in truck loads that's donated goes on to a technology platform? The decision as to whether you want it for your food bank is made at the food bank, and how much you want it is made by how much you bid on it. It was like setting up a whole economy, fake money, prices set by auctions. And with that key twist, the food banks that fed the most hungry people would get the most fake money.
Transcript
Play full episode