Christopher A. Pissarides

Facts

Christopher A. Pissarides

© The Nobel Foundation. Photo: U. Montan

Christopher A. Pissarides

Born: 20 February 1948, Nicosia, Cyprus

Affiliation at the time of the award: London School of Economics and Political Science, London, United Kingdom

Prize motivation: "for their analysis of markets with search frictions."

Prize share: 1/3

Work

When employers look for workers and job seekers look for work, they do not immediately find each other. The search process requires time and resources, and friction in the market result in less efficient outcomes. Christopher Pissarides and Dale Mortensen have developed theories for these types of markets and have applied them to the labor market. Their models help us understand how regulation and economic policies affect unemployment, job vacancies, and wages. These theories have also been applied in other areas, such as housing markets.

To cite this section
MLA style: Christopher A. Pissarides – Facts. NobelPrize.org. Nobel Media AB 2018. Wed. 14 Nov 2018. <https://www.nobelprize.org/prizes/economic-sciences/2010/pissarides/facts/>

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