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Canice Prendergast on How Prices Can Improve a Food Fight (and Help the Poor)

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Manage episode 188766120 series 1603971
Content provided by EconTalk: Russ Roberts and Library of Economics. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by EconTalk: Russ Roberts and Library of Economics or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
If you have 250 million tons of food to give away every year to local food banks how should you do it? Canice Prendergast of the University of Chicago's Booth School of Business talks with EconTalk host Russ Roberts about how he and a team of economists created an artificial currency and a daily auction for the national food bank Feeding America so that local food banks could bid on the types of food that were the most valuable to them. Prendergast explains the results of the new system and the cultural and practical challenges of bringing prices, even artificial ones, to a world accustomed to giving things away.
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52 episodes

Artwork
iconShare
 
Manage episode 188766120 series 1603971
Content provided by EconTalk: Russ Roberts and Library of Economics. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by EconTalk: Russ Roberts and Library of Economics or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
If you have 250 million tons of food to give away every year to local food banks how should you do it? Canice Prendergast of the University of Chicago's Booth School of Business talks with EconTalk host Russ Roberts about how he and a team of economists created an artificial currency and a daily auction for the national food bank Feeding America so that local food banks could bid on the types of food that were the most valuable to them. Prendergast explains the results of the new system and the cultural and practical challenges of bringing prices, even artificial ones, to a world accustomed to giving things away.
  continue reading

52 episodes

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