Nobel Prize in Economics goes to three US experts

The 2013 Nobel Prize in Economics has been awarded to US economists Eugene Fama, Lars Peter Hansen and Robert Shiller for their empirical analysis of asset prices, the Royal Swedish Academy of Sciences announced here Monday.

The economics prize, established in 1968 and officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the last of the six prizes announced this year, Xinhua reported.

Since 2003, the coveted Nobel Prize in the field of economics has been won by the following people:

2013: Eugene Fama, Lars Peter Hansen and Robert Shiller (US);

2012: Alvin E. Roth and Lloyd S. Shapley (US);

2011: Christopher A. Sims and Thomas J. Sargent (US);

2010: Peter Diamond and Dale Mortensen (US), Christopher Pissarides (Cyprus and Britain);

2009: Elinor Ostrom and Oliver E. Williamson (US);

2008: Paul Krugman (US);

2007: Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson (US);

2006: Edmund S. Phelps (US);

2005: Thomas C. Schelling (US), Robert J. Aumann (US-Israel);

2004: Finn Kydland (Norway), Edward Prescott (US);

2003: Robert F. Engle (US), Clive W.J. Granger (Britain).