How Food Banks Use Markets to Feed the Poor

How Food Banks Use Markets to Feed the Poor AbstractA difficult issue for organizations is how to assign valuable resources across competing opportunities. This work describes how Feeding America allocates about 300 million pounds of food a year to over two hundred food banks across the United States. It does so in an unusual way: in 2005, it switched from a centralized queuing system, where food banks would wait their turn, to a market based mechanism where they bid daily on truckloads of food using a “fake” currency called shares. The change and its impact are described here, showing how the market system allowed food banks to sort based on their preferences. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

How Food Banks Use Markets to Feed the Poor

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Publisher
American Economic Association
Copyright
Copyright © 2017 © American Economic Association
ISSN
0895-3309
D.O.I.
10.1257/jep.31.4.145
Publisher site
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Abstract

AbstractA difficult issue for organizations is how to assign valuable resources across competing opportunities. This work describes how Feeding America allocates about 300 million pounds of food a year to over two hundred food banks across the United States. It does so in an unusual way: in 2005, it switched from a centralized queuing system, where food banks would wait their turn, to a market based mechanism where they bid daily on truckloads of food using a “fake” currency called shares. The change and its impact are described here, showing how the market system allowed food banks to sort based on their preferences.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Nov 1, 2017

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