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Stable matching: Theory, evidence, and practical design
This year’s Prize to Lloyd Shapley and Alvin Roth extends from abstract theory developed in the 1960s,
over empirical work in the 1980s, to ongoing efforts to find practical solutions to real-world problems.
Examples include the assignment of new doctors to hospitals, students to schools, and human
organs for transplant to recipients. Lloyd Shapley made the early theoretical contributions, which were
unexpectedly adopted two decades later when Alvin Roth investigated the market for U.S. doctors. His
findings generated further analytical developments, as well as practical design of market institutions.
The Prize in Economic Sciences 2012.pdf
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