According to predictions released by Thomson Reuters, five professors are leading contenders for the 2011 Nobel Memorial Prize in Economic Sciences.
The announcement is likely on October 10.
The top five contenders are:
Douglas W. Diamond:The Merton H. Miller Distinguished Service Professor of Finance at University of Chicago’s Graduate School of Business, Diamond specializes in the study of financial intermediaries, financial crises, and liquidity. He is a former president of the American Finance Association and the Western Finance Association, a fellow of the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association.
Why: for his analysis of financial intermediation and monitoring
Douglas W. Diamond’ s Webpage
Jerry A. Hausman is the John and Jennie S. MacDonald Professor of Economics at the Massachusetts Institute of Technology and a famous econometrician. He has also published numerous papers in applied microeconomics and is the recipient of several prestigious awards including the John Bates Clark Medal in 1985 and the Frisch Medal in 1980.
Why : with Halbert L. White, Jr., for their contributions to econometrics, specifically the Hausman specification test and the White standard errors test
Jerry A. Hausman’s Webpage
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Anne Osborn Krueger is an American economist and was the former World Bank Chief Economist from 1982 to 1986. Dr. Krueger is a Distinguished Fellow and past President of the American Economic Association, a member of the National Academy of Sciences, and a Research Associate of the National Bureau of Economic Research. A recipient of a number of economic prizes and awards, she has published extensively on policy reform in developing countries, the role of multilateral institutions in the international economy, and the political economy of trade policy.
Why: with Gordon Tullock, for their description of rent-seeking behavior and its implications
Anne Osborn Krueger’s Webpage
Gordon Tullock is an economist and retired Professor of Law and Economics at the George Mason University School of Law. He is best known for his work on public choice theory, the application of economic thinking to political issues. He is one of the founding figures in his field.
Why: with Anne O. Krueger, for their description of rent-seeking behavior and its implications
Gordon Tullock’ s Webpage
Halbert White, Jr. is the Chancellor’s Associates Distinguished Professor of Economics at the University of California, San Diego and has via his 1980 paper on robust standard errors become noted for having written the most cited paper within economics over the recent past . In 1999, Dr. White co-founded an economic consulting firm, Bates White, which has offices in Washington, DC and San Diego, CA.
Why: with Jerry A. Hausman, for their contributions to econometrics, specifically the Hausman specification test and the White standard errors test
Halbert White, Jr.’s Webpage
Courtesy: Wikipedia, Thomson Reuters