3. For this question, you are to describe, in at most 750 words, the market design...

 

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3. For this question, you are to describe, in at most 750 words, the market design chal- lenges and opportunities surrounding refugee resettlement. Be sure to describe: (i) the "market" as it currently exists: who the main participants are in the market? • what makes up their preferences? how are preferences described? what choices could they make? how do participants interact in the market? what the market failures were and how do they arise? (ii) the proposed reform: what is the reform? what choices do participants make? how do participants interact in the reformed market? ● how did the reform seek to address the market failures? • what were the designer's objectives for the reforms? are any missing that you would include? • how will or should the reform be tested before full implementation? and (iii) how does the adoption model compare to the matching model we studied in class? Are they any important differences? 3. For this question, you are to describe, in at most 750 words, the market design chal- lenges and opportunities surrounding refugee resettlement. Be sure to describe: (i) the "market" as it currently exists: who the main participants are in the market? • what makes up their preferences? how are preferences described? what choices could they make? how do participants interact in the market? what the market failures were and how do they arise? (ii) the proposed reform: what is the reform? what choices do participants make? how do participants interact in the reformed market? ● how did the reform seek to address the market failures? • what were the designer's objectives for the reforms? are any missing that you would include? • how will or should the reform be tested before full implementation? and (iii) how does the adoption model compare to the matching model we studied in class? Are they any important differences?

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The market for refugee resettlement is a complex and multifaceted system involving various participants each with distinct preferences choices and interactions Understanding the current market its cha... View the full answer