Alvin Roth

speaker

677 appearances 2 recordings 2 series first heard Apr 2026 last heard 11 May

Alvin Roth’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in May 2026 with 1.

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markets with real information asymmetries can lead to real abuse.

That is, presumably, they didn't really know what they were signing.

You're sitting there in Ireland and you're hungry or ambitious or whatever, and you want to go to North America.

And some ship captain says, well, you don't have the money to buy passage, but if you sign this article of indenture, I'll take you across.

So we don't allow that anymore.

And

And sometimes it might work to people's advantage to be able to sign an employment contract that says I won't quit.

And so since that's not a legal labor contract in the United States, we have all sorts of ways around it.

You can agree to work for a company and be paid

a significant portion in, uh, stock options that will only vest after five years.

So now you, you are free to quit anytime you want, but much of your compensation will go with you out the door.

If you will, you'll leave behind, you'll, you'll leave on the table as you go out the door.

Um, so, so that's a workaround.

That's just a sign that, you know, you, you might've been willing to hire me in your startup, uh,

at higher pay if I could more credibly commit not to quit.

We prefer to the stock options and five-year vesting.

I mean, you know, that's why we have laws and regulations about markets.

You know, regulation is part of market design, right?

You know, regulators play a big role in designing the details of how markets work.

And often regulations apply to many markets.

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