Scott Kominers talks to the European Alliance for Innovation about the upcoming AMMA 2015 conference, the most interesting potential areas in market design, and the challenges this field will face in the near future:
What are, in your opinion, interesting potential areas researchers in the field of market design should take into account?
Market design has already proven useful in addressing real-life problems in settings like school choice, entry-level labor markets, kidney exchange, and auction design. Financial market design has flourished recently, as has the design of intellectual property markets. Personally, I am especially excited about “generalized matching,” which blends together ideas from matching and auction theory to show how markets with complex contract structure can be cleared using relatively simple mechanisms. I think there’s a lot of potential for generalized matching mechanisms to be useful in new real-world applications. In addition, there are many new areas of market design worth exploring: market designers are starting to think about the structure of healthcare marketplaces and adoption services. And of course, online platforms are everywhere. Furthermore, a popular press book on market design has just been published: http://www.hmhbooks.com/whogetswhat/index.html.
Read the full interview here.