News Summary: 2 Americans win Nobel econ prize
ECONOMICS PRIZE: Two American scholars won the Nobel economics prize Monday for work that has helped match young doctors with hospitals, students with New York City public schools and even men with women in marriage.
THE WINNERS: Lloyd Shapley of the University of California, Los Angeles, and Alvin Roth, a Harvard University professor currently visiting at Stanford University, found ways to make markets work when traditional economic tools failed.
THE HISTORY: Americans have dominated the economics award: 15 of the last 17 winners have come from the United States. Prize committee member Peter Gardenfors said the winners' work could be applied to other areas, such as allocating housing to students or refugees.