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2 Americans, 1 Brit Split 2010 Nobel Economics Prize Americans Peter Diamond and Dale Mortensen, and British-Cypriot Christopher Pissarides, have won the 2010 Nobel economics prize, which was established in 1968.
They receive the award for studies on how unemployment, job vacancies and wages are affected by regulation and policy.
The Royal Swedish Academy of Sciences said the prize of SEK 10 M (USD 1.5 M) honors the economists' "analysis of markets with search frictions".
Diamond, 70, is an economist at the Massachusetts Institute of Technology and an authority on social security, pensions and taxation. He was nominated by US President Barack Obama to become a member of the US Federal Reserve.
Mortensen, 71, is an economics professor at Northwestern University in Evanston, Illinois.
Pissarides, 62, is a professor at the London School of Economics. He is quoted by BBC saying he received the news with "a mixture of surprise and happiness, general satisfaction".
Tags: Royal Academy of Sciences, Nobel Prize Nobel Economics Prize, Peter Diamond, Dale Mortensen, Christopher A Pissarides
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Equestrian 2 Americans, 1 Brit Split 2010 Nobel Economics Prize