Nobel Prize: Alvin Roth and Lloyd Shapley win economics award

LOS ANGELES. October 15. KAZINFORM Alvin Roth and Lloyd Shapley have won the 2012 Nobel Prize in economics.
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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.

 

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