Innovations in Market Design
In the twenty years since UChicago’s Rachel Glennerster and Michael Kremer proposed Advanced Market Commitments (AMCs) to address neglected tropical diseases, more than 150 million children have benefited from the ensuing vaccines. In response to the COVID-19 pandemic, together with other researchers from UChicago and beyond they formed Accelerating Health Technologies to advise governments around the world on using market design in service of vaccine development. Rachel Glennerster, Associate Professor of Economics at the University of Chicago’s Division of Social Science, Gyude Moore, Senior Policy Fellow at the Center for Global Development and Former Minister of Public Works for Liberia, and Benjamin Krause, Interim Executive Director at the Development Innovation Lab, review this history and look forward toward new frontiers for using pull mechanisms in service of development outcomes.
This event was part of the Development Innovation Lab’s (DIL) Innovation and Development Week on April 25 – 30, 2022, hosted by the Development Economics Center to inaugurate DIL. The week consisted of events focused on both development economic research and innovative solutions that address challenges faced in low- and lower-middle-income countries. For more visit bfi.uchicago.edu/dil-week.