Alvin Roth (Harvard University) and Lloyd Shapley (UCLA) were awarded this year’s prize for their separate but related work on stable matching of different agents. Examples of matching problems addressed by this work include the assignment of new doctors to hospitals, student applicants to schools, and human organs for transplant to recipients.
Shapley developed fundamental theory and Roth contributed experimental and empirical evidence as well as contributions in practical design. Go to http://www.nobelprize.org/nobel_prizes/economics/laureates/2012/ for more information.
