Nobel Memorial Prize Winners: Mortensen, Diamond, and Pissarides

The 2010 winners of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (often incorrectly called the Nobel Prize for Economics) are Peter Diamond, Dale Mortensen, and Christopher Pissarides.  They did work on search models, labor markets, and unemployment.  In particular, their work helps explain why even when there are more job openings … Continue reading Nobel Memorial Prize Winners: Mortensen, Diamond, and Pissarides