Alvin E. Roth and Lloyd S. Shapley: Stable matching: Theory, evidence, and practical design
AbstractThis year’s Prize to Lloyd Shapley and Alvin Roth extends from abstract theory developed in the 1960s, over empirical work in the 1980s, to ongoing efforts to find practical solutions to real-world problems. Examples include the assignment of new doctors to hospitals, students to schools, and human organs for transplant to recipients. Lloyd Shapley made the early theoretical contributions, which were unexpectedly adopted two decades later when Alvin Roth investigated the market for U.S. doctors. His findings generated further analytical developments, as well as practical design of market institutions.
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Bibliographic InfoPaper provided by Nobel Prize Committee in its series Nobel Prize in Economics documents with number 2012-2.
Length: 5 pages
Date of creation: 15 Oct 2012
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Web page: http://www.nobelprize.org
Find related papers by JEL classification:
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-10-20 (All new papers)
- NEP-GTH-2012-10-20 (Game Theory)
- NEP-HIS-2012-10-20 (Business, Economic & Financial History)
- NEP-HPE-2012-10-20 (History & Philosophy of Economics)
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