Interview conducted on 6 December 2012.

Alvin E. Roth delivered his Prize Lecture on 8 December 2012 at Aula Magna, Stockholm University.

Interview conducted on 6 December 2012.

Economists study how societies allocate resources. Some allocation problems are solved by the price system: high wages attract workers into a particular occupation, and high energy prices induce consumers to conserve energy. In many instances, however, using the price system would encounter...

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...

Lloyd S. Shapley delivered his Prize Lecture on 8 December 2012 at Aula Magna, Stockholm University.

Roger B. Myerson delivered his Prize Lecture on 8 December 2007 at Aula Magna, Stockholm University. He was introduced by Professor Jorgen Weibull, Chairman of the Economics Prize Committee.

Scientific Background, The Nobel Prize in Economic Sciences 2007. Economic transactions take place in markets, within firms and under a host of other institutional arrangements. Some markets are free of government intervention while others are regulated. Within firms, some transactions are...

Eric S. Maskin delivered his Prize Lecture on 8 December 2007 at Aula Magna, Stockholm University. He was introduced by Professor Jorgen Weibull, Chairman of the Economics Prize Committee.

I was born in New York City, but grew up across the Hudson River in Alpine, New Jersey. With fewer than a thousand residents, Alpine was too small to have its own secondary schools, so I attended junior high and high school in the town of Tenafly, three miles down the road.