Markets are everywhere, shaping how we buy, sell, and trade everything from fish to television spectrum. But when markets aren't designed well, they can lead to dangerous conditions, unfair practices, or even collapse. This episode dives into the concept of market design—how economists create systems to make markets more efficient, safer, and more equitable. From Alaskan fisheries to high-stakes spectrum auctions, the episode reveals how the rules of the game can change outcomes dramatically.