The 2012 Sveriges Riksbank Prize in Economic Sciences in Honor of Alfred Nobel (commonly known as the Nobel Prize) was awarded yesterday to Alvin Roth and Lloyd Shapley “for the theory of stable allocations and the practice of market design.”  We in the Rubenstein Library were delighted to hear this, as the Alvin Roth Papers arrived here last year and are now available for scholarly use as part of the Economists’ Papers Project.

Much of Roth’s work involves decision-making and matching within markets; perhaps the most important real-world application of his ideas involves more efficiently matching organ donors to those in need of a transplant.  His papers at the Rubenstein include drafts of his writings on these and other topics, a wealth of information from Roth’s early career at the University of Pittsburgh, and correspondence with dozens of economists including his fellow Nobel laureate Lloyd Shapley, Robert Aumann, and many more.

The Alvin Roth Papers join many other important collections in the Economists’ Papers Project in game theory and market design, including the papers of Leonid Hurwicz, Oskar Morgenstern, Martin Shubik, and Vernon Smith.  Congratulations, Professor Roth!

Post contributed by Will Hansen, Assistant Curator of Collections.