US duo wins Nobel Economics Prize

US duo wins Nobel Economics Prize(Stockholm) – US scholars Alvin Roth and Lloyd Shapley won the Nobel Economics Prize for their work on the functioning of markets and how best to match supply and demand.The two were honored for “the theory of stable allocations and the practice of market design,” the Royal Swedish Academy of Sciences said.
The work by Roth and Shapley helps match donors of human organs with patients in need of a transplant, or students with universities, or Internet search engines that auction out space for advertisers.

Posted on Oct 16 2012. Filed under Business, Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Photo Gallery

Copyright © 2011. The Diplomat. All rights reserved | Developed by: ASN tECH Free WordPress Theme
Wp Advanced Newspaper WordPress Themes Gabfire