NOBEL PRIZE FOR 2010 - CHRISTOPHER A. PISSARIDES

Scientific review article
Autor: Svetlana Pantelić
JEL: A13, B31, E24, J64
doi: 10.5937/bankarstvo1402098P
SCINDEX

Summary: Peter Diamond, Dale Mortensen and Christopher Pissarides won the 2010 Nobel Prize in Economic Sciences for their contribution to the analysis of markets with search frictions, especially when it comes to employment. They created the DMP model, named after the first letters of their last names. Today this is an analytical instrument most used for analyzing unemployment, formation of wages and job vacancies.

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