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2 Americans Win Nobel Economics Prize

2 Americans Win Nobel Economics Prize

Alvin Roth and Lloyd Shapely have won the Nobel economics prize for the theory of stable allocations and the practice of market design. ‘Even though these two researchers worked independently of one another, the combination of Shapley’s basic theory and Roth’s empirical investigations, experiments and practical design has generated a flourishing field of research and improved the performance of many markets,’ the academy says.

Source: AP

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