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Ethics and market design

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  • Shengwu Li

Abstract

This paper examines the relationship between ethics and market design. It argues that market design should not rely wholly on preference utilitarianism in order to make ethical judgements. It exposits an alternative normative framework—informed neutrality between reasonable ethical positions.

Suggested Citation

  • Shengwu Li, 2017. "Ethics and market design," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(4), pages 705-720.
    • Handle: RePEc:oup:oxford:v:33:y:2017:i:4:p:705-720.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grx047
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    21. Eric Budish & Yeon-Koo Che & Fuhito Kojima & Paul Milgrom, 2013. "Designing Random Allocation Mechanisms: Theory and Applications," American Economic Review, American Economic Association, vol. 103(2), pages 585-623, April.
    22. Yanbo Ge & Christopher R. Knittel & Don MacKenzie & Stephen Zoepf, 2016. "Racial and Gender Discrimination in Transportation Network Companies," NBER Working Papers 22776, National Bureau of Economic Research, Inc.
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    3. Tayfun Sonmez & Utku Unver, 2022. "Informed Neutrality in Minimalist Market Design: A Case Study on a Constitutional Crisis in India," Papers 2210.10166, arXiv.org, revised Jun 2024.
    4. Hagen, Martin, 2022. "Tradable immigration quotas revisited," Journal of Public Economics, Elsevier, vol. 208(C).
    5. Kyle Greenberg & Parag A. Pathak & Tayfun Sönmez, 2024. "Redesigning the US Army's Branching Process: A Case Study in Minimalist Market Design," American Economic Review, American Economic Association, vol. 114(4), pages 1070-1106, April.
    6. Tayfun Sönmez & M Utku Ünver, 2017. "Market design for living-donor organ exchanges: an economic policy perspective," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(4), pages 676-704.
    7. van Basshuysen, Philippe, 2019. "Book review: radical markets: uprooting capitalism and democracy for a just society," LSE Research Online Documents on Economics 101024, London School of Economics and Political Science, LSE Library.
    8. van Basshuysen, Philippe, 2023. "Markets, market algorithms, and algorithmic bias," LSE Research Online Documents on Economics 115694, London School of Economics and Political Science, LSE Library.
    9. Tayfun Sönmez & M. Utku Ünver, 2022. "How (not) to reform India's affirmative action policies for its economically weaker segments," Boston College Working Papers in Economics 1054, Boston College Department of Economics.

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    More about this item

    Keywords

    ethics; market design; welfare economics;
    All these keywords.

    JEL classification:

    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • D60 - Microeconomics - - Welfare Economics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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