STOCKHOLM: The 2013 Nobel Prize for Economics has been awarded to three Americans Eugene F. Fama, Lars Peter Hansen and Robert J. Shiller for empirical analysis of asset prices, the Royal Swedish Academy of Sciences announced on Monday.
The committee said the trio’s separate pieces of work had “laid the foundation for the current understanding of asset prices”. The prize is worth 8m Swedish krona (£775,000; $1.2m), which will be shared equally among the three winners.
It is the sixth time the Prize in Economic Sciences has been awarded jointly to three persons.
