Diamond, Mortensen, Pissarides share Nobel for economics
By DPA, IANSMonday, October 11, 2010
STOCKHOLM - The Nobel prize for economics was awarded Monday to US researchers Peter A. Diamond and Dale T. Mortensen, and British-Cypriot citizen Christopher A. Pissarides, the Royal Swedish Academy of Sciences announced.
The trio were awarded the prize for their “analysis of markets with search frictions”, in relation to the labour market.
They are to share the award, worth 10 million kronor ($1.5 million) equally.
The prize - formally called The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel - was last year awarded to US researchers Elinor Ostrom and Oliver Williamson for their work in the field of economic governance.
Ostrom was the first woman to win the economics prize that was first awarded in 1969.
YOUR VIEW POINT
