IN MOST countries it is illegal to buy or sell a kidney. If you need a transplant you join a waiting list until a matching organ becomes available. This drives economists nuts. Why not allow willing ...
Two economists receive prize for work in designing markets for money-free transactions. Work that showed how to find optimal matches between people or institutions ‘trading’ in commodities that money ...
Alvin Roth (left) and Lloyd Shapley were awarded the 2012 Nobel Prize for Economics. Prices are often the easiest way to create an efficient market–the person willing to pay the most gets the thing ...
What do speed dating, applying to a state secondary school and undergoing a potentially life saving transplant from an organ donor have in common? It might take an economist to notice that all three ...
The awarding of the 2012 Nobel Prize in Economic Sciences to mathematician Lloyd Shapley and economist Alvin Roth "for the theory of stable allocations and the practice of market design" was ...
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