Nobel Prize: Alvin Roth and Lloyd Shapley win economics award
18:18, 15 October 2012
LOS ANGELES. October 15. KAZINFORM Alvin Roth and Lloyd Shapley have won the 2012 Nobel Prize in economics.
The Royal Swedish Academy of Sciences cited the US academics for their work on the "theory of stable allocations and practice of market design".
Mr Roth is a professor of economics at Harvard and Mr Shapley is a professor emeritus at University of California in Los Angeles, BBC News reports.
It comes after the 2012 Nobel Peace Prize last week was awarded to the European Union.