Originally posted by the Voice of America.
Voice of America content is produced by the Voice of America,
a United States federal government-sponsored entity, and is in
the public domain.


                    Two Americans Win Nobel Economics Prize

   by VOA News

   Two American economists have won this year's Nobel Memorial Prize in
   Economics for their work in designing market institutions that match
   different parties within the market as efficiently as possible.
   The [1]Royal Swedish Academy of Sciences in Stockholm said Monday it
   has awarded the prize to Alvin Roth, an economics professor at Harvard
   University, and Lloyd Shapley, a professor at the University of
   California, Los Angeles (UCLA).
   The academy praised the 89-year-old Shapley for developing a process to
   match different people or organizations within a market in a stable
   manner that limits their tendency to manipulate each other. It credited
   the 60-year-old Roth for conducting experiments that show how Shapley's
   theory can improve the functioning of important markets in practice.
   The academy said Roth also used Shapley's research to redesign existing
   instructions for matching new doctors with hospitals, students with
   schools, and organ donors with patients. It said the two Americans, who
   work independently of one another, will share the $1.2 million prize
   for an "outstanding example of economic engineering."
   The economics prize was not part of the original group of awards
   established in the will of Swedish industrialist Alfred Nobel. The
   Swedish central bank created the annual prize in 1968 in Nobel's
   memory.
     __________________________________________________________________

   [2]http://www.voanews.com/content/two-americans-win-nobel-economics-pri
   ze/1526695.html

References

   1. http://www.kva.se/en/
   2. http://www.voanews.com/content/two-americans-win-nobel-economics-prize/1526695.html