Accelerating innovation to tackle global challenges | Siddhartha Haria | EAG London: 2024

The talk discusses importance, tractability and neglectedness from a market shaping economics perspective, including why socially valuable innovations may be inadequately incentivized by commercial markets. Siddhartha discusses the application of pull mechanisms which reward outputs and outcomes, such as Advance Market Commitments, to pressing global challenges such as climate change and pandemic preparedness. Finally, Siddhartha discusses the analytical issues and other challenges the MSA team is grappling with including the size and design of such mechanisms. Siddhartha Haria is Senior Policy Lead at the UChicago Market Shaping Accelerator (MSA) which is led by Nobel laureate Michael Kremer, Rachel Glennerster and Christopher Snyder. The Market Shaping Accelerator aims to develop instruments that incentivize innovation to tackle pressing global challenges such as climate change and pandemic preparedness. Prior to joining MSA, Siddhartha was an government economist at the UK Department for International Development (DFID)

Watch on Youtube: https://www.youtube.com/watch?v=3YizFeslQbs