2009: Elinor Ostrom and Oliver E. Williamson, for their analysis of economic governance.
2008: Paul Krugman, U.S., for his analysis of trade patterns and location of economic activity.
2007: Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson, U.S., for laying the foundations of mechanism design theory.
2006: Edmund S. Phelps, U.S., for furthering the understanding of the trade-offs between inflation and its effects on unemployment.
2005: Robert J. Aumann, of Israel and the U.S., and American Thomas C. Schelling, for their work in game-theory analysis.
2004: Finn E. Kydland, Norway, and Edward C. Prescott, U.S., for their contribution to dynamic macroeconomics.
2003: Robert F. Engle, United States, and Clive W.J. Granger, Britain, for their use of statistical methods for economic time series.
2002: Daniel Kahneman, United States and Israel, and Vernon L. Smith, U.S., for pioneering the use of psychological and experimental economics in decision-making.
2001: George A. Akerlof, A. Michael Spence and Joseph E. Stiglitz, U.S., for research into how the control of information affects markets.
2000: James J. Heckman and Daniel L. McFadden, U.S., for their work in developing theories to help analyze labor data and how people make work and travel decisions.
1999: Robert A. Mundell, Canada, for innovative analysis of exchange rates that helped lay the intellectual groundwork for Europe's common currency.
1998: Amartya Sen, India, for contributions to welfare economics, which help explain the economic mechanisms underlying famines and poverty.
1997: Robert C. Merton and Myron S. Scholes, U.S., for developing a formula for the valuation of stock options.
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