definition

Commodity vs matching markets distinction

Commodity markets (like the NYSE or Chicago Board of Trade) standardize goods so participants deal anonymously and prices do all the work, whereas matching markets (labor, marriage, podcasts) require you to be chosen as well as to choose, so prices don't do all the work and you care who you deal with.

definitionpending

Speaker

Alvin Roth

Evidence Quote

matching markets are markets where you can't just choose what you want, you also have to be chosen

Source

353 | Alvin Roth on the Economics of Morally Contested MarketsSean Carroll's Mindscape
Created: 6/13/2026, 12:30:11 AM

My Notes

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