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Alvin E. Roth

2012 Nobel Prize Winner in Economic Sciences

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Market Failure and Market Design
added over 1 year ago


Al Roth is a Nobel Prize recipient in the field of economics. He is the George Gund Professor of Economics and Business Administration in the Department of Economics at Harvard University, and in the Harvard Business School.

His interests lie in game theory, experimental economics, and market design. He redesigned the National Resident Matching Program, where approximately 20,000 doctors find their first employment as residents in American hospitals every year. Roth was also involved in the reorganization of the market for Gastroenterology fellows, starting the use of a clearinghouse in 2006 for positions beginning in 2007. He is a founder and designer of the New England Program for Kidney Exchange, which is for incompatible patient-donor pairs.

He helped design the high school matching system used in New York City to match about 90,000 students to high schools each year, starting with students entering high school in the Fall of 2004. Furthermore, he helped to redesign Boston Public Schools matching system that was adopted for students starting school in September 2006.

He is the chair of the American Economic Association's Ad Hoc Committee on the Job Market, which has designed numerous recent changes in the market for new Ph.D. economists. He is a Fellow of the American Academy of Arts and Sciences and the Econometric Society, and has been a Guggenheim and Sloan fellow. He received his Ph.D at Stanford University, and came to Harvard from the University of Pittsburgh, where he was the Andrew Mellon Professor of Economics.

In 2012, Roth and Lloyd Shapley of UCLA received the Nobel Prize in economics for their work in market design and matching theory.



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