Nobel Economics 2013 can go to Americans

This year's Nobel Prize in Economics will be awarded on October 14. According to analysts, American economists will still dominate the award this time.

>>>The 2012 Nobel Economics belongs to two Americans

Nobel for the field of economics does not belong to the original award structure in the will of Swedish scientist - Alfred Nobel. The Nobel Prize has been added since 1968, on the 300th anniversary of the founding of the Swedish Central Bank - Sveriges Riksbank, the unit of deduction for this award. However, the process of nomination, selection and awarding of Nobel Prize remains similar to other fields. This award is published annually by the Royal Swedish Academy of Sciences.

In 2012, the Nobel Prize in Economics was awarded to Alvivin E.Roth Harvard University (USA) and Lloyd S.Shapley, University of California (USA). Their award-winning research addresses "Stable and practical distribution theory of market creation". Since then, they have come up with a method to connect different economic actors, such as students to schools or even donors with organs.

The Nobel Prize in Economics award ceremony took place in Sweden in 2012. (Photo: Bloomberg)

The 2013 Nobel Prize in Economics will be awarded at 6 pm on October 14 (Hanoi time). As predicted by Thompson Reuters, there are three groups of winners. The first is Joshua D. Angrist - Professor of Economics at Massachusetts University of Technology (USA), David E. Card - Professor of Economics at the University of California (USA) and Alan B. Krueger - Professor of Economics at the University Princeton University (USA). They have made many advanced contributions to experimental microeconomics.

The second prize-winning author is David F. Hendry - Professor of Economics at Oxford University (UK), M. Hashem Pesaran - Professor of Economics at Cambridge Universities (UK), University of South California (USA) and Peter CB Phillips - Professor of Economics and Statistics at Yale University (USA). Their work is to outline, test and predict economic models that change over time.

Finally, with the expansion of management economics theory, Professor Sam Peltzman at the Booth School of Business - University of Chicago (USA) and Professor Richard A. Posner at Law School - University of Chicago (USA) also the names that are capable of winning this year.

From 1969 to 2012, 44 awards were given to 71 economists. In particular, 22 times the Nobel Prize for economics has only one owner, 17 awards are given to two people and 5 times for three co-authors. Like other Nobel laureates, the Nobel laureate was awarded an 8 million kronor prize (equivalent to 1.2 million USD).

The youngest person to receive the award is Kenneth J. Arrow from Harvard University (USA). He won this award in 1972, at the age of 51, with a 17-year-old partner. The oldest Nobel laureate is Leonid Hurwicz, a Russian-based economist who teaches at the University of Minnesota (USA). He received the award in 2007 when he was 90 years old.