Two Americans, Alvin E. Roth and Lloyd Shapley, were awarded the Nobel Memorial Prize in Economic Science on Monday for their work on market design and matching theory, which relate to how people and companies find and select one another in everything from marriage to school choice to jobs to organ donations.
Their work primarily relates to markets that do not have prices, or at least have strict constraints on prices. In classical economics, prices are the main mechanism through which resources are allocated. The laureates’ breakthroughs involve figuring out how to properly assign people and things to stable matches when prices are not available to help buyers and sellers pair up.
In searching for some connection to environmental economics, the closest thing I can find is that Dr. Roth has also conducted a Zoomerang survey, which should make my November SEA "multi-method survey" presentation go much smoother:
Internet surveys are an emerging methodology compared to telephone surveys. Research describing their relative performance is still developing. Initial studies suggest internet surveys do not introduce additional biases compared to random digit phone surveys. Internet surveys often yield response rates of less than 10% (20), and as low as 2% (21,22). While nonresponse bias is always a concern, research suggests that low response rates do not necessarily indicate nonresponse bias (22,23).