Professor Christopher Pissarides was awarded the 2010 Nobel Prize in Economics jointly with Peter Diamond and Dale Mortensen ‘for their analysis of markets with search frictions’. Though Pissarides is best known for his work in this area, it is only part of a very extensive research agenda which has covered numerous topics in theoretical and applied macroeconomics, and in particular in the analysis of labour markets. Within search theory his main contributions have been in integrating search theory into models of economic equilibrium and in examining its implications for efficiency and labour market policy.
|This chapter was published in: Steven N. Durlauf & Lawrence E. Blume (ed.) , , pages , 2011, 3rd quarter update.|
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