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Roth estimates his work has resulted in roughly 4, kidney transplants that might never had happened if not for the system he worked to build.But as is often the case with basic research, it ended up having applications in practical and important ways. Blocked Unblock Follow Following Stopping blank stories, top-notch research and every public breathing to Mull and the nuclear. Shapley first unbound in to day the purpose built by women's magazines through the members — how to find a pleasant match.One of these, the “informativeness principle,” was developed and published by Holmström in 1979, addressing the “principal-agent problem” (the structure of contracts between employers and employees).This principle suggests that optimal contracts should structure compensation based on “all outcomes that can potentially provide information about actions that have been taken,” as the Academy observes.The process of matching doctors or students is a little more complex than matching romantic partners since hospitals and schools — unlike most couples — accept many proposals. But lots of places have to sort among many, many applicants.At some point in time, the economics profession decided it was going to create a job market unlike any other. There should be no two people who prefer each other to the partners they actually got.One of the ways we usually think about markets is in terms of the market for, say, crude oil or Apple stock.