The 2012 Nobel Prize in Economics went to two Americans Alvin E. Roth and Lloyd S. Shapley, announced Staffan Normark, Permanent Secretary of the Royal Swedish Academy of Sciences in Stockholm on Monday, Xinhua reported.
The duo won the award "for the theory of stable allocations and the practice of market design," Normark said.
The Nobel economics award, established in 1968 and officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the last of the six Nobel prizes announced this year.