Nobel Prize in Economics 2012
2012 Economics Nobel Prize winners are Lloyd Shapley of UCLA and Alvin Roth of Stanford University .
This was announced on 15-10-12.
Life-saving kidney exchange programmes are just one of the practical applications of the market-matching theories for which American economists Roth and Shapley won the 2012 Nobel prize for economics
Two American scholars won the Nobel economics prize Monday for work on match-making — how to pair doctors with hospitals, students with schools, kidneys with transplant recipients and even men with women in marriage.
Lloyd Shapley of UCLA and Alvin Roth, a Harvard University professor currently visiting at Stanford University, found ways to make markets work when traditional economic tools fail.