How to win a Nobel Prize for Economics



 The 2010 Nobel Prize for Economics has been awarded to 3 economists Peter Diamond, Dale Mortensen and Christopher Pissarides for their research into markets where buyers and sellers don’t automatically find each other (or in more technical language “markets with search frictions”)

Their research has been used in lots of different markets, including the markets for used cars, for housing, and even for dating!. However, their ideas have been used most of all to help economists make sense of unemployment.


In this post you can see a short video explaining their theory

After watching the video, you can read more about their work by clicking this  economix blogsite article