2 Americans Win Nobel Economics Prize

2 Americans Win Nobel Economics Prize

Alvin Roth and Lloyd Shapely have won the Nobel economics prize for the theory of stable allocations and the practice of market design.Β β€˜Even though these two researchers worked independently of one another, the combination of Shapley’s basic theory and Roth’s empirical investigations, experiments and practical design has generated a flourishing field of research and improved the performance of many markets,’ the academy says.

Source: AP