"Karthik Shashidhar’s interesting and well-written (almost in the style of newspaper columns) collection of stimulating essays is on efficiently functioning markets, or their lack. Excellent to read, irrespective of whether you agree or disagree" - Bibek Debroy, Economist
Why is it difficult to find Feta Cheese in Bangalore, or mango pickles in Barcelona? Why are tourists encouraged to bargain? Why do startup platforms provide heavy incentives to their users? And why is it difficult to find the right date using dating apps? The answer to any of these questions rests with a mysterious entity, who quietly exists between the buyer and the seller.
In this absorbing account, quant and management consultant Karthik Shashidhar uses concepts from economics and financial markets to explore this entity's complex behaviour. From medieval bazaars to modern “two-sided marketplaces”, the book explores why markets are structured the way they are, and how they can be designed in order to ease transactions between the buyer and the seller.
ABOUT THE AUTHOR
Karthik Shashidhar lives in London, where he works in financial services. Between 2012 and 2017, he was an independent quant, data science and business strategy consultant. Simultaneously, he was Resident Quant at the Takshashila Institution, and an adjunct faculty at IIM Bangalore. He wrote this book while living in Barcelona in 2016.
Karthik writes a regular column for Mint where he uses data and quantitative methods to comment on issues of contemporary interest.