Three Share Prize for Economics Research how economic policies affect the rate of unemployment.

3 <P> USA and Cyprus shared the Nobel Prize in economics scholars </ P> <P> 2010 Nobel Prize in Economics 11, announced that two U.S. economists and the United Kingdom and Cyprus, another dual nationality with the economics .home to share the award. .</ P> <P> Royal Swedish Academy of Sciences said in a statement, the three economists with "economic policies affect the unemployment rate," further analysis of the theory, won awards. .Three of the theory can explain many economic phenomena, including "Why, when there are many job vacancies, there are still many people are unemployed." .</ P> <P> three winners will share 10 million Swedish kronor (about $ 1,460,000) in prize money. .</ P> <P> AP and one of two American economists, the UK and Cyprus with 11 economists dual market search friction theory to the 2010 Nobel Prize in economics. .</ P> <P> Central European Time at 13:00 on the 11th (Beijing time 19:00), in the halls of a Swedish Academy of Sciences, Nobel Prize announced. .A · Americans Peter Diamond, Dell T · Mortensen and have the United Kingdom, Cyprus dual Christopher Pisa Li Clerides to "the existence of search frictions in the market" award. .</ P> <P> trio will share the 10 million kronor (U.S. $ 1,460,000) prize money. .</ P> <P> research began in the 70s of last century </ P> <P> 13:10 local time (GMT 19:10), the jury-site connection Pisa Li Clerides. .Swedish television reporter first asked about the award-winning experience Pisa Li Clerides, who as "surprised, pleased to meet the" answer. .</ P> <P> the name of the Swedish television reporter then asked Pisa Li Clerides, why would you be interested in this area? .Pisa Li Clerides said, "when the European unemployment rate," he hopes to do something for the community "to contribute." .</ P> <P> Review Committee in a press release to the media, said many of the market, the buyer and the seller does not immediately get in touch with each other. .In the labor market, employers and labor time and resources often need to find each other to meet their needs. .This lead to unemployment and job vacancies exist in the situation. .</ P> <P> the search frictions on market research began in the 70s. .Diamond search market on the basis of the first, Mortensen and Pisa Li Clerides will then be an extension of this theory, applied to the labor market, the creation of DMP mode. .</ P> <P> Pisa Li Clerides replied Swedish radio reporter's question, describes his own theory: "As economic conditions change, a person loses his job, it is necessary to find another job. We intend to find .the impact from unemployment to re-induction factors in this process. "</ P> <P> a news conference after the Judging Panel for media interview, said that one of the three study concluded that higher unemployment .Unemployment benefits will be pulled up, prolong time to market search. .</ P> <P> financial crisis of awards again? .</ P> <P> comprehensive AP Review Committee said that the search friction theory applies not only to the labor market, but also applicable to many types of housing and other markets, will help study of public economy, regional economy, family and economic issues .. .A Judging Panel said that the theory can explain the seasonal changes in supply and demand in the housing market. .</ P> <P> a reporter's question, three economists whether the labor market and the award-winning housing market is the current areas of concern about the global economy. .</ P> <P> Review Committee that the economics prize usually awarded "to contribute to social development, efforts to put the theory of time", "The theory of the early 70s in the last century began," .. .</ P> <P> last year, the jury encountered similar questions. .Two U.S. economist Elinor Ostrom, and Oliver Williamson was related to economic governance of the award. .Ostrom also became the first ever female award winners. .</ P> <P> some journalists question whether the award taking into account the assessment of the financial crisis factors. .Review Committee that although the current financial crisis is to assess the members to determine the winners in the process of measuring one of the factors, but the "small proportion of ... ... We do not want a number of years and found the theory untenable." .</ P> <P> background information </ P> <P> Peter A · Diamond </ P> <P> 彼得戴蒙德 born in 1940. .In 1963, he is only 23 years old to obtain a Ph.D. in economics at MIT, has been hailed as economics, Paul Samuelson, dean of economics "prodigy." .Since 1966, Diamond has taught at MIT. .Which, from 2002 to 2003, he was elected President of the American Economic Association. .Diamond main macroeconomics, his main contribution is to propose the economics of the so-called "overlapping generations model." .He also made the basis for many economic contribution to the field. .</ P> <P> Dell T · Mortensen </ P> <P> 戴尔莫滕森 born in 1939. .Mortensen in the United States bachelor's degree in economics from Willamette University, then at the Carnegie - Mellon University, Ph.D. in economics. .In 1965, he has served as professor of economics at Northwestern University. .Mortensen in the labor market research and related theories groundbreaking academic achievements in the field. .In addition, he in the job market labor adjustment and resettlement areas of research are considerable achievements. .</ P> <P> Christopher Pisa Li Clerides </ P> <P> Clerides Christopher Pisa Li was born in Cyprus in 1948. .Ph.D. 1973. .Settled in England in 1974, is now the London School of Economics Professor of Economics, is also the British Academy. .Pisa Li Clerides has dual British and Cyprus. .Pisa Li Clerides's main research interests are in macroeconomics in the labor market, structural change and economic growth. .His masterpiece is the "equilibrium unemployment theory" has been seen as the standard textbook economics of unemployment. .</ P>.