# Capstone: The Market Audit — template

Case: _[name your case here — fictional, historical, or a clearly
hypothetical composite. Not a real, identifiable person's real
relationship.]_

Delete these instructions as you fill each section in. Roughly
1,500–2,500 words total, or the equivalent if you're submitting a
non-text artefact.

## 1. Diagnose

What is the market failure in this case? Walk through the relevant
search, signalling, or information problem specifically — not in the
abstract. Name the concept you're applying (e.g. adverse selection,
search costs, screening) and the week it comes from.

_[Your diagnosis here.]_

## 2. Redesign

Propose a specific redesign of the rule causing the failure you just
diagnosed. Draw directly on Assignment 2's mechanism-design method —
this section should show the new rule, and argue why it's actually
incentive-compatible, not just better-intentioned.

Name the concept you're applying here too.

_[Your redesign here.]_

## 3. Critique

Turn the lens on your own framework. Name one specific thing the market
model you've just used cannot explain about this same case — not a
general disclaimer that "models have limits," but a concrete gap, argued
for this case. Tutorial 12 rehearsed this move; this is where you do it
yourself, for a case you chose.

Name the concept (or the missing one) here too.

_[Your critique here.]_