International Diplomat Magazine

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.