AbstractDale T. Mortensen (born 1939) was awarded the Nobel Prize for Economics in 2010 jointly with Peter A. Diamond and Christopher A. Pissarides for his work on the analysis of markets with search frictions. Together, they developed the Diamond-Mortensen-Pissarides Model (DMP model): an equilibrium model of unemployment dynamics. An empirically motivated theoretical economist, Mortensen has made a tremendous contribution to the field of labour economics.© The Nobel Foundation. Photo: Ulla Montan.
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This chapter was published in: Steven N. Durlauf & Lawrence E. Blume (ed.) , , pages , 2011, 3rd quarter update.
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