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100 _aBasshuysen, Philippe Van
_929438
245 _aHow to build an institution
260 _aPhilosophy of the Social Sciences
300 _a51(2), Mar, 2021: 215-238
520 _aHow should institutions be designed that “work” in bringing about desirable social outcomes? I study a case of successful institutional design—the redesign of the National Resident Matching Program—and argue that economists assume three roles when designing an institution, each of which complements the other two: first, the designer combines positive and normative modeling to formalize policy goals and to design possible mechanisms for bringing them about. Second, the engineer refines the design by conducting experiments and computational analyses. Third, the plumber implements the design in the real world and mends it as needed. – Reproduced
650 _aEconomic design, Engineering, Plumbing, Normative modeling, Algorithmic bias
_927525
773 _aPhilosophy of the Social Sciences
906 _aINSTITUTIONS
942 _cAR