Market Design

Alvin Roth and Lloyd Shapley Awarded the Nobel Prize in Economics

The 2012 Nobel prize for economics celebrated the new field of Market Design. Lloyd Shapley - a mathematician - wrote the first analyses that made the development of this field possible. Alvin Roth not only advanced the theory but also put the new market design analyses to work in important matching applications, including one for assigning kidneys to patients and others for assigning students to schools in NYC and Boston.

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