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Alvin E. Roth and Lloyd S. Shapley: Stable matching: Theory, evidence, and practical design

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  • Committee, Nobel Prize

    (Nobel Prize Committee)

Abstract

This 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.

Suggested Citation

  • Committee, Nobel Prize, 2012. "Alvin E. Roth and Lloyd S. Shapley: Stable matching: Theory, evidence, and practical design," Nobel Prize in Economics documents 2012-2, Nobel Prize Committee.
    • Handle: RePEc:ris:nobelp:2012_002
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    Keywords

    Market Design;

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact

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