The Straits Times
www.straitstimes.com
Published on Oct 15, 2012
 

2 Americans win Nobel economics prize for match-making

 
 

STOCKHOLM (AP) - Two Americans were awarded the Nobel economics prize on Monday for studies on the match-making taking place when doctors are coupled up with hospitals, students with schools and human organs with transplant recipients.

The work of Alvin Roth and Lloyd Shapley has sparked a "flourishing field of research" and helped improve the performance of many markets, the Royal Swedish Academy of Sciences said.

Mr Roth, 60, is a professor at Harvard University in Boston. Mr Shapley, 89, is a professor emeritus at University of California Los Angeles.

"This year's prize concerns a central economic problem: how to match different agents as well as possible," the academy said.