Would you say that you own your kidneys? What if you tried to sell one? Economic Sciences laureate Alvin Roth would call that, and other taboo exchanges, repugnant transactions. Roth pioneered ways of describing outlier markets where prices don’t work, and explaining why you can’t buy a job at Google or acceptance at Yale – or a human organ.
In 2012, Alvin Roth was awarded the Prize in Economic Sciences for his work in matching markets.
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