Lloyd Shapley

Jewish-American Economist Is Among Two Americans To Win Nobel Prize

Alvin Roth and Lloyd Shapley's work focuses on markets that do not have prices.

10/16/2012

Jewish-American economist Alvin Roth and his American colleague Lloyd Shapley were awarded the Nobel Memorial Prize in Economic Science on Monday for their work on market design and matching theory.

Their groundbreaking work, which primarily focuses on markets that do not have prices, enables people and companies to find and select one another in everything from marriage to school choice to jobs to organ donations.

Alvin Roth. Wikimedia Commons.
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