Frisch Medal: Difference between revisions

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The '''Frisch Medal''' is an award in [[economics]] given by the [[Econometric Society]]. It is awarded every two years for empirical or theoretical applied research published in ''[[Econometrica]]''<ref name="BG12">{{cite news|url=http://www.highbeam.com/doc/1P2-33151084.html|archive-url=https://web.archive.org/web/20140714223958/http://www.highbeam.com/doc/1P2-33151084.html|url-status=dead|archive-date=14 July 2014|title=MIT Professor Wins 2d Frisch Award|last=Reidy|first=Chris|date=4 July 2012|work=Boston Globe |accessdate=8 June 2014}}</ref> during the previous five years. The award was named in honor of [[Ragnar Frisch]], first co-recipient of the Nobel prize in economics and editor of ''Econometrica'' from 1933 to 1954.<ref>{{cite book|editor=David A. Dieterle|title=Economic Thinkers: A Biographical Encyclopedia|url=https://books.google.com/books?id=qWyjAQAAQBAJ&q=Frisch%20Medal&pg=PA98|year=2013|publisher=Greenwood|page=98|isbn=9780313397479}}</ref> In the opinion of Rich Jensen, Gilbert F. Schaefer Professor of Economics and chairperson of the Department of Economics of the [[University of Notre Dame]], "The Frisch medal is not only one of the top three prizes in the field of economics, but also the most prestigious 'best article' award in the profession".<ref>{{cite web |url=http://news.nd.edu/news/31983-economist-joseph-kaboski-receives-2012-frisch-medal/ |title=Economist Joseph Kaboski receives 2012 Frisch Medal |author=Kate Cohorst |date=July 11, 2012 |accessdate=June 24, 2014}}</ref> Five Frisch medal winners have also won the [[Nobel Prize]].
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The '''Frisch Medal''' is an award in [[economics]] given by the [[Econometric Society]]. It is awarded every two years for empirical or theoretical applied research published in ''[[Econometrica]]''<ref name="BG12">{{cite news|url=http://www.highbeam.com/doc/1P2-33151084.html|title=MIT Professor Wins 2d Frisch Award|last=Reidy|first=Chris|date=4 July 2012|work=Boston Globe {{Subscription required|via=[[HighBeam Research]]}}|accessdate=8 June 2014}}</ref> during the previous five years. The award was named in honor of [[Ragnar Frisch]], first recipient of the Nobel prize in economics and editor of Econometrica from 1933 to 1954.
 
==Winners==
* 2024 – Dennis Egger, [[Johannes Haushofer]], [[Edward Miguel]], Paul Niehaus, and Michael Walker for their paper, "General equilibrium effects of cash transfers: experimental evidence from Kenya", (Econometrica, Vol. 90, No. 6, November 2022, 2603-2643)
* 2014 – [[Flavio Cunha]], [[James Heckman]], and [[Susanne Schennach]] for “Estimating the Technology of Cognitive and Noncognitive Skill Formation” {{DOI|10.3982/ECTA6551}}<ref>{{cite web|url=https://socialsciences.uchicago.edu/announcement/econometric-society-awards-frisch-medal-2014-james-heckman|title=Econometric Society awards Frisch Medal 2014 to James Heckman|date=2 May 2014|publisher=University of Chicago|accessdate=8 June 2014}}</ref>
* 2022 – Giulia Brancaccio, Myrto Kalouptsidi, Theodore Papageorgiou for their paper, "Geography, Transportation, and Endogenous Trade Costs”, (Econometrica, Vol. 88, No. 2, March 2020, 657–691).
* 2012 – [[Joseph P. Kaboski]] and [[Robert M. Townsend]]<ref name="BG12"/> for “A Structural Evaluation of a Large-Scale Quasi-Experimental Microfinance Initiative” {{DOI|10.3982/ECTA7079}}
* 2020 – [[Kate Ho]] and Robin Lee for their paper, [https://www.econometricsociety.org/publications/econometrica/2017/03/01/insurer-competition-health-care-markets "Insurer Competition in Health Care Markets”], (Econometrica, Vol. 85, No. 2, March 2017, 379–417).
* 2010 – [[Nicholas Bloom]] for “The Impact of Uncertainty Shocks” {{DOI|10.3982/ECTA6248}}
* 2018 – [[Gabriel M. Ahlfeldt]], [[Stephen J. Redding]], [[Daniel M. Sturm]], and [[Nikolaus Wolf]] for {{cite journal |title=The Economics of Density: Evidence from the Berlin Wall |journal=Econometrica |volume=83 |issue=6 |year=2015 |pages=2127–2189 |doi=10.3982/ECTA10876 |last1=Ahlfeldt |first1=Gabriel M. |last2=Redding |first2=Stephen J. |last3=Sturm |first3=Daniel M. |last4=Wolf |first4=Nikolaus |doi-access=free }}
* 2008 – [[David Card]] and [[Dean R. Hyslop]] for “Estimating the Effects of a Time-Limited Earnings Subsidy for Welfare-Leavers,” Econometrica, 73(6), November 2005, 1723-177
* 2016 – [[Benjamin Handel]], [[Igal Hendel]], and [[Michael Whinston]] for {{cite journal |title=Equilibria in Health Exchanges: Adverse Selection versus Reclassification Risk |journal=Econometrica |volume=83 |issue=4 |year=2015 |pages=1261–1313 |doi=10.3982/ecta12480|last1=Handel |first1=Ben |last2=Hendel |first2=Igal |last3=Whinston |first3=Michael D. |doi-access=free }}
* 2006 – [[Fabien Postel-Vinay]] and [[Jean-Marc Robin]] for “Equilibrium Wage Dispersion with Worker and Employer Heterogeneity,” Econometrica
* 2014 – [[FlavioFlávio Cunha]], [[James Heckman]], and [[Susanne Schennach]] for “Estimating{{cite journal |title=Estimating the Technology of Cognitive and Noncognitive Skill Formation”Formation {{DOI|journal=Econometrica |volume=78 |issue=3 |pages=883–931 |date=May 2010 |doi=10.3982/ECTA6551 |pmid=20563300 |hdl=10419/35965 |pmc=2885826 |last1=Cunha |first1=F. |last2=Heckman |first2=J. |last3=Schennach |first3=S. }}<ref>{{cite web|url=https://socialsciences.uchicago.edu/announcement/econometric-society-awards-frisch-medal-2014-james-heckman|title=Econometric Society awards Frisch Medal 2014 to James Heckman|date=2 May 2014|publisher=University of Chicago|accessdate=8 June 2014|archive-date=14 July 2014|archive-url=https://web.archive.org/web/20140714132805/https://socialsciences.uchicago.edu/announcement/econometric-society-awards-frisch-medal-2014-james-heckman|url-status=dead}}</ref>
* 2004 – [[Jonathan Eaton]] and [[Samuel Kortum]] for “Technology, Geography, and Trade,” Econometrica, 70(5), September 2002, 1741–1779.
* 2012 – [[Joseph P. Kaboski]] and [[Robert M. Townsend]] for {{cite journal |title=A Structural Evaluation of a Large-Scale Quasi-Experimental Microfinance Initiative |journal=Econometrica |volume=79 |issue=5 |pages=1357–1406 |date=September 2011 |doi=10.3982/ECTA7079 |pmid=22162594 |pmc=3230229 |last1=Kaboski |first1=J. P. |last2=Townsend |first2=R. M. }}<ref name="BG12"/>
* 2002 – [[Ricardo J. Caballero]] and [[Eduardo M.R.A. Engel]] for "Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach", Econometrica, 67, July, 1999, pp.&nbsp;783–826.
* 2010 – [[Nicholas Bloom]] for {{cite journal |title=The Impact of Uncertainty Shocks |journal=Econometrica |volume=77 |issue=3 |pages=623–685 |date=May 2009 |doi=10.3982/ECTA6248 |citeseerx=10.1.1.147.7528 |s2cid=8094691 }}
* 2000 – [[Richard Blundell]], [[Alan S. Duncan]], and [[Costas Meghir]] for "Estimating Labor Supply Responses Using Tax Reforms", Econometrica, 66, July, 1998, pp.&nbsp;827–861.
* 2008 – [[David Card]] and [[Dean R. Hyslop]] for {{cite journal |title=Estimating the Effects of a Time-Limited Earnings Subsidy for Welfare-Leavers |journal=Econometrica |volume=73 |issue=6 |date=November 2005 |pages=1723–1770 |doi=10.1111/j.1468-0262.2005.00637.x |last1=Card |first1=David |last2=Hyslop |first2=Dean R. |s2cid=14819756 |url=http://www.nber.org/papers/w10647.pdf }}
* 1998 – [[Robert M. Townsend]] for "Risk and Insurance in Village India", Econometrica, 62, May, 1994, pp.&nbsp;539–591.
* 2006 – [[Fabien Postel-Vinay]] and [[Jean-Marc Robin]] for {{cite journal |title=Equilibrium Wage Dispersion with Worker and Employer Heterogeneity |journal=Econometrica |volume=70 |issue=6 |pages=2295–2350 |date=November 2002 |jstor=3081988 |doi=10.1111/j.1468-0262.2002.00441.x|last1=Postel-Vinay |first1=Fabien |last2=Robin |first2=Jean-Marc |url=http://discovery.ucl.ac.uk/17132/1/17132.pdf }}
* 1996 – [[Steven T. Berry]] for "Estimation of a Model of Entry in the Airline Industry", Econometrica, 60, July, 1992, pp.&nbsp;889–917.
* 2004 – [[Jonathan Eaton]] and [[Samuel Kortum]] for “Technology{{cite journal |title=Technology, Geography, and Trade,” |journal=Econometrica, |volume=70( |issue=5), |date=September 2002, |pages=1741–1779 |jstor=3082019 |doi=10.1111/1468-0262.00352|last1=Eaton |first1=Jonathan |last2=Kortum |first2=Samuel }}
* 1994 – [[Larry G. Epstein]] and [[Stan Zin|Stanley E. Zin]] for "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework", Econometrica, 57, July, 1989, pp.&nbsp;937–969.
* 2002 – [[Ricardo J. Caballero]] and [[Eduardo M.R.A. Engel]] for "{{cite journal |title=Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach", |journal=Econometrica, |volume=67, |date=July, 1999, pp.&nbsp;|issue=4 |pages=783–826 |jstor=2999458 |doi=10.1111/1468-0262.00053|last1=Caballero |first1=Ricardo J. |last2=Engel |first2=Eduardo |s2cid=158174490 |url=http://www.nber.org/papers/w4887.pdf }}
* 1992 - [[John Rust]] for "Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher", Econometrica, 55, September, 1987, pp.&nbsp;999–1033.
* 2000 – [[Richard Blundell]], [[Alan S. Duncan]], and [[Costas Meghir]] for "{{cite journal |title=Estimating Labor Supply Responses Using Tax Reforms", |journal=Econometrica, |volume=66, |date=July, 1998, pp.&nbsp;|issue=4 |pages=827–861 |jstor=2999575 |doi=10.2307/2999575|last1=Blundell |first1=Richard |last2=Duncan |first2=Alan |last3=Meghir |first3=Costas }}
* 1990 – [[David M. G. Newbery]] for "Road Damage Externalities and Road User Charges," ''Econometrica'', 56, March, 1988, pp.&nbsp;295–316.
* 1998 – [[Robert M. Townsend]] for {{cite journal |title=Risk and Insurance in Village India |journal=Econometrica |volume=62 |date=May 1994 |issue=3 |pages=539–591 |jstor=2951659 |doi=10.2307/2951659|last1=Townsend |first1=Robert M. |s2cid=153578326 |url=http://ageconsearch.umn.edu/record/294664/files/ipr017.pdf }}
* 1988 – [[Ariel Pakes]] for "Patents as Options: Some Estimates of the Value of Holding European Patent Stocks", ''Econometrica'', 54, July, 1986, pp.&nbsp;755–784.
* 1996 – [[Steven T. Berry]] for "{{cite journal |title=Estimation of a Model of Entry in the Airline Industry", |journal=Econometrica, |volume=60, |date=July, 1992, pp.&nbsp;|issue=4 |pages=889–917 |jstor=2951571 |doi=10.2307/2951571|last1=Berry |first1=Steven T. |s2cid=56198198 }}
* 1986 – [[Jeffrey A. Dubin]] and [[Daniel McFadden|Daniel L. McFadden]] for "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption", Econometrica, 52, March, 1984, pp.&nbsp;345–362.
* 1994 – [[Larry G. Epstein]] and [[Stan Zin|Stanley E. Zin]] for "{{cite journal |title=Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework", |journal=Econometrica, |volume=57, |date=July, 1989, pp.&nbsp;|issue=4 |pages=937–969 |jstor=1913778 |doi=10.2307/1913778|last1=Epstein |first1=Larry G. |last2=Zin |first2=Stanley E. |s2cid=34563159 }}
* 1984 – [[Lars Peter Hansen]] and [[Kenneth Singleton|Kenneth J. Singleton]] for "Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models", Econometrica, 50, September, 1982, pp.&nbsp;1269–1286.
* 1992 - [[John Rust]] for "{{cite journal |title=Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher", |journal=Econometrica, |volume=55, |date=September, 1987, pp.&nbsp;|issue=5 |pages=999–1033 |jstor=1911259 |doi=10.2307/1911259|last1=Rust |first1=John }}
* 1982 – [[Orley Ashenfelter]] for "Unemployment as Disequilibrium in a Model of Aggregate Labor Supply", Econometrica, 48, April, 1980, pp.&nbsp;547–564.
* 1990 – [[David M.Newbery|David GM. Newbery]] for "{{cite journal |title=Road Damage Externalities and Road User Charges," ''|journal=Econometrica'', |volume=56, |date=March, 1988, pp.&nbsp;|issue=2 |pages=295–316 |jstor=1911073 |doi=10.2307/1911073|last1=Newbery |first1=David M. }}
* 1980 – [[Jerry A. Hausman]] and [[David A. Wise]] for "Attrition Bias in Experimental and Panel Data: The Gary Income Maintenance Experiment", ''Econometrica'', 47, March, 1979, pp.&nbsp;455–473.
* 1988 – [[Ariel Pakes]] for "{{cite journal |title=Patents as Options: Some Estimates of the Value of Holding European Patent Stocks", ''|journal=Econometrica'', |volume=54, |date=July, 1986, pp.&nbsp;|issue=4 |pages=755–784 |jstor=1912835 |doi=10.2307/1912835|url= http://www.nber.org/papers/w1340.pdf|last1=Pakes |first1=Ariel }}
* 1978 – [[Angus Deaton|Angus S. Deaton]] for "The Analysis of Consumer Demand in the United Kingdom, 1900-1970", ''Econometrica'', 42, March, 1974, pp.&nbsp;341–367.
* 1986 – [[Jeffrey A. Dubin]] and [[Daniel McFadden|Daniel L. McFadden]] for "{{cite journal |title=An Econometric Analysis of Residential Electric Appliance Holdings and Consumption", |journal=Econometrica, |volume=52, |date=March, 1984, pp.&nbsp;|issue=2 |pages=345–362 |jstor=1911493 |doi=10.2307/1911493|last1=Dubin |first1=Jeffrey A. |last2=McFadden |first2=Daniel L. |citeseerx=10.1.1.375.7547 }}
* 1984 – [[Lars Peter Hansen]] and [[Kenneth Singleton|Kenneth J. Singleton]] for "{{cite journal |title=Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models", |journal=Econometrica, |volume=50, |date=September, 1982, pp.&nbsp;|issue=5 |pages=1269–1286 |jstor=1911486 | doi=10.2307/1911873|last1=Hansen |first1=Lars Peter |last2=Singleton |first2=Kenneth J. }}
* 1982 – [[Orley Ashenfelter]] for "{{cite journal |title=Unemployment as Disequilibrium in a Model of Aggregate Labor Supply", |journal=Econometrica, |volume=48, |date=April, 1980, pp.&nbsp;|issue=3 |pages=547–564 |jstor=1913122 |doi=10.2307/1913122|last1=Ashenfelter |first1=Orley |url=http://arks.princeton.edu/ark:/88435/dsp01dn39x1544 }}
* 1980 – [[Jerry A. Hausman]] and [[David A. Wise]] for "{{cite journal |title=Attrition Bias in Experimental and Panel Data: The Gary Income Maintenance Experiment", ''|journal=Econometrica'', |volume=47, |date=March, 1979, pp.&nbsp;|issue=2 |pages=455–473 |jstor=1914193 |doi=10.2307/1914193|last1=Hausman |first1=Jerry A. |last2=Wise |first2=David A. }}
* 1978 – [[Angus Deaton|Angus S. Deaton]] for "{{cite journal |title=The Analysis of Consumer Demand in the United Kingdom, 1900-1970",1900–1970 ''|journal=Econometrica'', |volume=42, |date=March, 1974, pp.&nbsp;|issue=2 |pages=341–367 |jstor=1911983 |doi=10.2307/1911983|last1=Deaton |first1=Angus S. }}
 
==See also==
* [[List of economics awards]]
 
== References ==
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==External links==
* [http://www.econometricsociety.org/frischmedal.asp Award page on the official site of the Econometric Society] {{Webarchive|url=https://web.archive.org/web/20140808180912/http://www.econometricsociety.org/frischmedal.asp |date=2014-08-08 }}
 
{{Frisch Medal recipients}}
 
[[Category:Economics awards]]
[[Category:Econometric Society]]