Monday, October 11, 2010
Nobel prize for economics: three share prize for labour market study | Business | guardian.co.uk
The Royal Swedish Academy of Sciences has awarded the 10 million Swedish kronor prize (£947,000) to the three economists for their analysis of 'markets with search frictions'
Three economists have shared the Nobel prize medal. Photograph: Ted Spiegel / Corbis
This year's Nobel prize for economics has been awarded to American economists Peter Diamond of MIT and Dale Mortensen of Northwestern University, as well as British-Cypriot Christopher Pissarides of the London School of Economics for their work on unemployment and the labour market.