Alvin E. Roth and Lloyd S. Shapley: Stable matching: Theory, evidence, and practical design
Nobel Prize Committee
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No 2012-2, Nobel Prize in Economics documents from Nobel Prize Committee
This year’s Prize to Lloyd Shapley and Alvin Roth extends from abstract theory developed in the 1960s, over empirical work in the 1980s, to ongoing efforts to find practical solutions to real-world problems. Examples include the assignment of new doctors to hospitals, students to schools, and human organs for transplant to recipients. Lloyd Shapley made the early theoretical contributions, which were unexpectedly adopted two decades later when Alvin Roth investigated the market for U.S. doctors. His findings generated further analytical developments, as well as practical design of market institutions.
Keywords: Market Design (search for similar items in EconPapers)
JEL-codes: C71 D02 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth, nep-his and nep-hpe
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