Professors Chris Snyder and Heidi Williams are faculty directory and expert advisor respectively on this new initiative aimed at accelerating efforts to address major global challenges by leveraging the power of incentives, competition, and private sector innovation.
Market shaping uses economic tools to solve market failures where commercial incentives for innovation trail behind societal needs.
The MSA will collaborate closely with governments, multilateral institutions, and philanthropists to design the details of contracts and policies to accelerate and scale innovation. Already, the MSA is collaborating with global organizations and policymakers to advance innovation in carbon removal, climate-resilient crops, and universal coronavirus vaccines.
"We are fortunate to have advisors who are among the world's leading experts in market design and innovation, as well as some of the best thinkers and practitioners in the diverse domains the MSA will cover," said Christopher Snyder, the Joel Z. and Susan Hyatt Professor in Economics at Dartmouth College.
Visit the University of Chicago Market Shaping Accelerator website for more information.
See a video of the launch event here.