A Decade of Paradigm Shifts: Main ideas of the Nobel Memorial Laureates in Economic Sciences from 2010 to 2019

Luis-Felipe Arizmendi

MPRA Paper from University Library of Munich, Germany

Abstract: This paper presents a comprehensive synthesis of the contributions recognized by the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel during the decade 2010–2019. This period marks a critical evolution in economic thought, transitioning from abstract general equilibrium modeling to rigorous empirical identification, behavioral integration, and the explicit modeling of market frictions. We systematically analyze the mathematical microstructures of the awarded theories—including Search and Matching Theory (2010), Empirical Macroeconomics (2011), Market Design (2012), Asset Pricing (2013), Regulation (2014), Consumption Analysis (2015), Contract Theory (2016), Behavioral Economics (2017), Climate and Endogenous Growth (2018), and Experimental Development Economics (2019). Special attention is paid to the policy applications of these frameworks in contemporary governance.

Keywords: Search Frictions; Causal Inference; Market Design; Behavioral Finance; Climate Change; Contract Theory (search for similar items in EconPapers)
JEL-codes: B22 C50 E00 G12 Q54 (search for similar items in EconPapers)
Date: 2026-03-01
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