Monday, October 15, 2012

Nobel Committee 2012 Economics Prize Research Statement In Full

The Nobel Committee awarded the 2012 Prize in Economics to Lloyd Shapley and Alvin Roth for their abstract theoretical and empirical work to find practical solutions to real-world allocation problems when prices are unavailable. Examples include the assignment of new doctors to hospitals, students to schools, and human organs for transplant to recipients.

The full Nobel Committee statement on the economics research of the two recipients follows:

Stable Matching Theory, Evidence, And Practical Design

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