US duo wins Nobel Economics Prize

STOCKHOLM: US scholars Alvin Roth and Lloyd Shapley won the Nobel Economics Prize on Monday for their work on the functioning of markets and how best to match supply and demand.

The work by Roth and Shapley helps match donors of human organs with patients in need of a transplant, or students with universities, or Internet search engines that auction out space for advertisers.

The two were honoured for "the theory of stable allocations and the practice of market design," the Royal Swedish Academy of Sciences, which picks the winner, said.