U.S. Economists Win Nobel Prize for Work on "Market Design"

Alvin Roth and Lloyd Shapley were awarded the Nobel prize in economics for their "theory of stable allocations and market design"

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Alvin E. Roth of Harvard University and Lloyd Shapley of UCLA have been awarded the Nobel Prize in economics, the Royal Swedish Academy of Sciences announced Monday.

The economics prize is the sixth and final of the annual awards that spotlight the world's top scholars and peacemakers.