It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...

It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...

It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...

It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...

Artificial intelligence is rapidly transforming our world. The author describes the fascinating career of Herbert A. Simon, a father of artificial intelligence, renaissance man, and true polymath who made pioneering contributions to fields ranging from economics to psychology and from management...

Der Nobelpreis für Wirtschaftswissenschaften geht 2021 an David Card für seine empirischen Beiträge zur Arbeitsökonomik sowie an Joshua Angrist und Guido Imbens für ihre methodischen Beiträge zur Analyse kausaler Zusammenhänge. Die Analyse kausaler Zusammenhänge in der empirischen...

This paper studies life cycle creativity among Nobel laureate economists. We identify two distinct life cycles of scholarly creativity. Experimental innovators work inductively, accumulating knowledge from experience. Conceptual innovators work deductively, applying abstract principles. We find...

It has been known for centuries that the rich and famous have longer lives than the poor and ordinary. Causality, however, remains trenchantly debated. The ideal experiment would be one in which status and money could somehow be dropped upon a sub-sample of individuals while those in a control...

Oliver Hart and Bengt Holmström were awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their path breaking work.

We analyse the production and networks of Nobel laureates in Economics, employing the Normalized Impact Factor (NIF) of their publications in the Journal of Citation Report (Economics), to identify the academic leaders among those laureates awarded between 1969 and 2016. Our results indicate...

Robert Wilson und Paul Milgrom erhielten am 10. Dezember 2020 den Preis der Schwedischen Nationalbank für Wirtschaftswissenschaften zu Ehren von Alfred Nobel. Die Ökonomen erhielten den Preis für ihre Beiträge zur Auktionstheorie und für die Entwicklung neuer Auktionsformate.

We analyse the production and networks of Nobel laureates in Economics, employing the Normalized Impact Factor (NIF) of their publications in the Journal of Citation Report (Economics), to identify the academic leaders among those laureates awarded between 1969 and 2016. Our results indicate...

The citation for Milton Friedman's Nobel Prize of 1976 points to three contributions. In two cases, the principal works the Committee must have had in mind are easy to identify. The question of what was intended by the third – ‘his demonstration of the complexity of stabilization policy' –...

The 2016 Nobel Memorial Prize in Economic Sciences was awarded to Oliver Hart and Bengt Holmström for their work on contract theory. Contract theory is a subfield of game theory where the conflict between the owner - the principal - and the CEO - or agent - is at the centre of interest. In the...

Oliver Hart and Bengt Holmström were awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their path breaking work.

Using a new identification strategy and unique, rich data on Nobel laureates, we show that being in new or multiple locations, as measures of exposure to novel combinations of ideas, and the number of other local important innovators, all increase the probability that eventual Nobel laureates...

Using a new identification strategy and unique, rich data on Nobel laureates, we show that being in new or multiple locations, as measures of exposure to novel combinations of ideas, and the number of other local important innovators, all increase the probability that eventual Nobel laureates...

The 2016 Nobel Memorial Prize in Economic Sciences was awarded to Oliver Hart and Bengt Holmström for their work on contract theory. Contract theory is a subfield of game theory where the conflict between the owner - the principal - and the CEO - or agent - is at the centre of interest. In the...

"Lives of the Laureates compiles autobiographical essays by recipients of the Nobel Prize in the Economic Sciences who have presented lectures at Trinity University, describing the path that led them to the work honored with a Nobel. The seventh edition includes new essays from laureates Alvin...

We investigate whether Nobel laureates' collaborative activities undergo a negative change following prize reception by using publication records of 198 Nobel laureates and analyzing their coauthorship patterns before and after the Nobel Prize. The results overall indicate less collaboration...

This paper serves as the Introduction to the symposium celebrating the 40th anniversary of F.A. Hayek's Nobel Memorial Prize in Economic Science. The symposium papers were presented at a public event held in October 2014 in Arlington, VA and explore the relevance of Hayek's research program for...

Known as one of the primary architects of the Black-Scholes model, Myron S. Scholes applied his love of economic research to developing a fundamental tool of valuation that would become the standard in financial markets around the world. Together with fellow pioneers Fischer Black and Robert C....

In diesem Jahr wurde der in Princeton lehrende, britisch-amerikanische Ökonom Angus Deaton mit dem Nobelpreis für Wirtschaftswissenschaften ausgezeichnet. Es werden damit - wie es in der offiziellen Verlautbarung des Nobelpreiskomitees heißt - seine Analysen von Konsum, Armut und Wohlfahrt...