Faculty News | Wall Street Journal | 16
On Marriage, Kidneys and the Economics Nobel
Re: Alvin Roth
The Nobel Prize in Economic Science was awarded Monday to two American economists, Lloyd Shapley and Alvin E. Roth, "for the theory of stable allocations and the practice of market design." A big part of what Messrs. Shapley and Roth received the prize for was their research and writing on "matching theory." Their work, especially Mr. Shapley's, is often quite abstract, but it has important practical implications.