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Dale Mortensen

Author

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  • Rasmus Lentz

Abstract

Dale 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.

Suggested Citation

  • Rasmus Lentz, 2011. "Dale Mortensen," The New Palgrave Dictionary of Economics, Palgrave Macmillan.
  • Handle: RePEc:pal:dofeco:v:5:year:2011:doi:3862
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    More about this item

    Keywords

    Nobel prize; wage search model; market tightness; worker reallocation; labour market theory; labour market search; Diamond-Mortensen-Pissarides Model; Beveridge Curve;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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