The Prize in Economic Sciences 2010
The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2010 to Peter A. DiamondMassachusetts Institute of Technology,Cambridge, MA, USA, Dale T. MortensenNorthwestern University,Evanston, IL, USA and Christopher A. PissaridesLondon School of Economics and Political Science,UK “for their analysis of markets with search frictions”.Markets with search costs Why are so many people unemployed at the same time that there are a large number of job openings? How can economic policy