The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009
Elinor Ostrom, Oliver E. Williamson
Born: 7 August 1933, Los Angeles, CA, USA
Died: 12 June 2012, Bloomington, IN, USA
Affiliation at the time of the award: Indiana University, Bloomington, IN, USA, Arizona State University, Tempe, AZ, USA
Prize motivation: "for her analysis of economic governance, especially the commons"
Field: economic governance
Contribution: Challenged the conventional wisdom by demonstrating how local property can be successfully managed by local commons without any regulation by central authorities or privatization.