Economy, Nobel Prize | featured news

Two Americans were awarded the Nobel economics prize on Monday for studies on the match-making taking place when doctors are coupled up with hospitals, students with schools and human organs with transplant recipients. The work of Alvin Roth and Lloyd Shapley has sparked a "flourishing field of research" and helped improve the performance of many markets, the Royal Swedish Academy of Sciences said.

Two Americans and a British-Cypriot economist have won a Nobel prize for a theory that helps explain why many people can remain unemployed despite a large number of job vacancies.