For Alvin Roth, joint winner of the 2012 Nobel prize for economics, studying the economy is about finding real-life solutions for real-life questions and never more so than in a revolutionary new system to match kidney donors with patients. Roth and fellow laureate, the mathematician, Lloyd Shapley, have seen their groundbreaking work used in such…
U.S. economist Alvin Roth, winner of the 2012 Nobel prize for economics on Monday with colleague Lloyd Shapley, was “surprised” and “delighted” when he got the midnight call at his California home telling him he had won. “I am having my first sip of coffee right now,” said Roth, speaking to Reuters from his home…
Life-saving kidney exchange programmes are just one of the practical applications of the market-matching theories for which American economists Alvin Roth and Lloyd Shapley won the 2012 Nobel prize for economics on Monday. Pairing up students with schools and employers with job seekers – for instance doctors and lawyers taking up their first appointments –…
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