NBER Researcher Shares 2012 Nobel Prize in Economics
NBER Research Associate Alvin Roth of Harvard shared the 2012 Nobel Memorial Prize in Economics with Lloyd Shapley for their work on "the theory of stable allocations and the practice of market design." Al is currently the George Gund Professor of Economics and Business Administration at Harvard University. At the end of this year, he will move to emeritus rank at Harvard, and join the Stanford Economics Department. He has been a Research Associate in the NBER's Labor Studies Program since 1999, and he is an active participant in the Market Design Working Group. Many of Al's papers on matching markets have appeared in the NBER working paper series.
Alvin Roth joins a long list of current and past NBER affiliates who have received the Prize, including: Thomas Sargent and Christopher Sims, 2011; Peter Diamond and Dale Mortenson (shared with Christopher Pissarides), 2010; Paul Krugman, 2008; Edward C. Prescott and Finn Kydland, 2004; Robert F. Engle (shared with Clive Granger), 2003; George Akerlof and Joseph E. Stiglitz (shared with Michael Spence), 2001; James J. Heckman and Daniel L. McFadden, 2000; Robert C. Merton and Myron S. Scholes, 1997; Robert E. Lucas, Jr., 1995; Robert W. Fogel (shared with Douglass North), 1993; Gary S. Becker, 1992; and the late George J. Stigler, 1982, Theodore W. Schultz, 1979, Milton Friedman, 1976, and Simon Kuznets, 1971.