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.

I was born on December 18, 1951 in the New York City borough of Queens. My parents, Ernest and Lillian, were both public high school teachers of a subject that is probably no longer taught, called Secretarial Studies, which focused on typing and taking dictation via two methods of shorthand...

My grandfather, Harlow Shapley, was a noted astronomer. He worked at the 100-inch telescope on Mt. Wilson in Pasadena, California, where he did some important work, most notably determining that the sun was not located at the center of the galaxy, but rather, out on the fringes. His first three...