David Card is from the University of California at Berkeley; Joshua Angrist from the Massachusetts Institute of Technology; and Guido Imbens is from Stanford University. Card is a Canadian, Angrist a US citizen while Imbens is of Dutch nationality.
The Royal Swedish Academy of Scienes said the three have “completely reshaped empirical work in the economic sciences.”
Officially called the Sveriges Riksbank Prize in Economic Sciences, the award was instituted by the Sveriges Riksbank (Sweden’s central bank) in 1968, in memory of Alfred Nobel. It has since been awarded by the Academy according to the same principles as those for the Nobel Prizes that have been awarded since 1901.
The Prize is based on a donation received by the Nobel Foundation in 1968 from Sveriges Riksbank on the occasion of the Bank’s 300th anniversary. Nominations are by invitation only, and names of the nominees cannot be revealed until 50 years later.
The winner is picked by the Academy from among the candidates recommended by the Economic Sciences Prize Committee, after screening nominations and selection of the final candidates.
The first prize in Economic Sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969.