2 Americans win Nobel economics prize
AP:Alvin Roth and Lloyd Shapely have won the Nobel economics prize for the theory of stable allocations and the practice of market design.
‘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.
Photo: Representatives of the Swedish Royal Academy of Sciences present the winners of the Nobel Memorial Prize in Economic Sciences on Monday in Stockholm. (Henrik Montgomery / AP)