Frisch Medal

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^[1] 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.^[2] 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".^[3] Four Frisch medal winners have also won the Nobel Prize.

Winners

• 2016 – Benjamin Handel, Igal Hendel, and Michael Whinston for "Equilibria in Health Exchanges: Adverse Selection versus Reclassification Risk". Econometrica. 83 (4): 1261–1313. 2015. doi:10.3982/ecta12480.
• 2014 – Flávio Cunha, James Heckman, and Susanne Schennach for "Estimating the Technology of Cognitive and Noncognitive Skill Formation". Econometrica. 78 (3): 883–931. May 2010. doi:10.3982/ECTA6551.^[4]
• 2012 – Joseph P. Kaboski and Robert M. Townsend for "A Structural Evaluation of a Large-Scale Quasi-Experimental Microfinance Initiative". Econometrica. 79 (5): 1357–1406. September 2011. doi:10.3982/ECTA7079.^[1]
• 2010 – Nicholas Bloom for "The Impact of Uncertainty Shocks". Econometrica. 77 (3): 623–685. May 2009. doi:10.3982/ECTA6248.
• 2008 – David Card and Dean R. Hyslop for "Estimating the Effects of a Time-Limited Earnings Subsidy for Welfare-Leavers". Econometrica. 73 (6): 1723–1770. November 2005. doi:10.1111/j.1468-0262.2005.00637.x.
• 2006 – Fabien Postel-Vinay and Jean-Marc Robin for "Equilibrium Wage Dispersion with Worker and Employer Heterogeneity". Econometrica. 70 (6): 2295–2350. November 2002. doi:10.1111/j.1468-0262.2002.00441.x. JSTOR 3081988.
• 2004 – Jonathan Eaton and Samuel Kortum for "Technology, Geography, and Trade". Econometrica. 70 (5): 1741–1779. September 2002. doi:10.1111/1468-0262.00352. JSTOR 3082019.
• 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 (4): 783–826. July 1999. doi:10.1111/1468-0262.00053. JSTOR 2999458.
• 2000 – Richard Blundell, Alan S. Duncan, and Costas Meghir for "Estimating Labor Supply Responses Using Tax Reforms". Econometrica. 66 (4): 827–861. July 1998. doi:10.2307/2999575. JSTOR 2999575.
• 1998 – Robert M. Townsend for "Risk and Insurance in Village India". Econometrica. 62 (3): 539–591. May 1994. doi:10.2307/2951659. JSTOR 2951659.
• 1996 – Steven T. Berry for "Estimation of a Model of Entry in the Airline Industry". Econometrica. 60 (4): 889–917. July 1992. doi:10.2307/2951571. JSTOR 2951571.
• 1994 – Larry G. Epstein and Stanley E. Zin for "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework". Econometrica. 57 (4): 937–969. July 1989. doi:10.2307/1913778. JSTOR 1913778.
• 1992 – John Rust for "Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher". Econometrica. 55 (5): 999–1033. September 1987. doi:10.2307/1911259. JSTOR 1911259.
• 1990 – David M. Newbery for "Road Damage Externalities and Road User Charges". Econometrica. 56 (2): 295–316. March 1988. doi:10.2307/1911073. JSTOR 1911073.
• 1988 – Ariel Pakes for "Patents as Options: Some Estimates of the Value of Holding European Patent Stocks". Econometrica. 54 (4): 755–784. July 1986. doi:10.2307/1912835. JSTOR 1912835.
• 1986 – Jeffrey A. Dubin and Daniel L. McFadden for "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption". Econometrica. 52 (2): 345–362. March 1984. doi:10.2307/1911493. JSTOR 1911493.
• 1984 – Lars Peter Hansen and Kenneth J. Singleton for "Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models". Econometrica. 50 (1): 1269–1286. September 1982. JSTOR 1911486.
• 1982 – Orley Ashenfelter for "Unemployment as Disequilibrium in a Model of Aggregate Labor Supply". Econometrica. 48 (3): 547–564. April 1980. doi:10.2307/1913122. JSTOR 1913122.
• 1980 – Jerry A. Hausman and David A. Wise for "Attrition Bias in Experimental and Panel Data: The Gary Income Maintenance Experiment". Econometrica. 47 (2): 455–473. March 1979. doi:10.2307/1914193. JSTOR 1914193.
• 1978 – Angus S. Deaton for "The Analysis of Consumer Demand in the United Kingdom, 1900–1970". Econometrica. 42 (2): 341–367. March 1974. doi:10.2307/1911983. JSTOR 1911983.

References

1. Reidy, Chris (4 July 2012). "MIT Professor Wins 2d Frisch Award". Boston Globe  – via HighBeam Research (subscription required) . Retrieved 8 June 2014.
2. David A. Dieterle, ed. (2013). Economic Thinkers: A Biographical Encyclopedia. Greenwood. p. 98.
3. Kate Cohorst (July 11, 2012). "Economist Joseph Kaboski receives 2012 Frisch Medal". Retrieved June 24, 2014.
4. "Econometric Society awards Frisch Medal 2014 to James Heckman". University of Chicago. 2 May 2014. Retrieved 8 June 2014.

External links

• Award page on the official site of the Econometric Society