Market Design

The emerging field of market design utilizes tools from economic theory, computational economics, and experimental economics to provide practical solutions to real-life resource allocation problems. Some especially successful applications include auctions, school choicekidney exchange and cadet-branch matching.

 

2012 Economics Nobel Prize: Stable Matching and Practice of Market Design:

The increasing role of market design in mainstream economics was reaffirmed with the award of 2012 Economics Nobel Prize in Economics to Alvin Roth and Lloyd Shapley for their contributions on “Stable Allocations and the Practice of Market Design.”

I thank the Nobel Committee for their generous recognition of my research program in the following Scientific Background on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2012.

 

2018 John Bates Clark Medal 

Congratulations  to my close friend and long time co-author Parag Pathak for receiving the 2018 John Bates Clark Medal, awarded annually to an American economist under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge.

I thank the award committee for their prominent coverage of our joint research in  award description by the AEA.

 

2020 Economics Nobel Prize: Theory and Practice of Auctions

Congratulations to Paul Milgrom and Robert Wilson who have shared the 2020 Nobel Economics Nobel Prize “for improvements to auction theory and inventions of new auction formats.”

I thank the Nobel Committee for their recognition of  my research on cadet matching to military specialties  in the following Scientific Background on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020.