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

Arizmendi, Luis-Felipe (2026): A Decade of Paradigm Shifts: Main ideas of the Nobel Memorial Laureates in Economic Sciences from 2010 to 2019.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Search Frictions, Causal Inference, Market Design, Behavioral Finance, Climate Change, Contract Theory
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C50 - General; E - Macroeconomics and Monetary Economics > E0 - General > E00 - General; G - Financial Economics > G1 - General Financial Markets > G12 - Asset Pricing ; Trading Volume ; Bond Interest Rates; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate ; Natural Disasters and Their Management ; Global Warming

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