Royal Economic Society Prize

The Royal Economic Society prize was introduced in 1990, the year of the Centenary Volume of the Economic Journal. It was awarded to the author of the best non-solicited paper published in The EJ over a two-year period. Since 1996, the prize has been awarded annually. A committee consisting of the RES President, a representative of The Economic Journal Editorial Board and one member of the Society Council, selects the winner. The prize of £3000 is awarded at the RES Conference in the year following publication.

2015 Award

Published on May 18, 2016

The 2016 Royal Economic Society Prize was awarded to Miaojie Yu (Peking University) at the society's Annual Conference. Here, Professor Yu explains how China's openness to processing trade - such as putting together iPhones to export around the world - has been responsible for a huge amount of its economic growth.

2014 Award

Giacomo De Giorgi and Michele Pellizzari

Understanding Social Interactions: Evidence from the Classroom, vol.124, issue 579, pages 917-953, September 2014

2013 Award

Pau Olivella and Marcos Vera-Hernandez

Testing for Asymmetric Information in Private Health Insurance vol.123, issue 567, pages 96-130, March 2013 (available free)

Go to the RES YouTube Channel for interviews about other prize winning research.

2012 Award

Michael Clemens, Steven Radelet, Rhikil R. Bhavnani and Samuel Bazzi

Counting Chickens when they Hatch: Timing and the Effects of Aid on Growth vol.122, Issue 561, pages 590–617, June 2012 (available free).

Previous Awards


Loukas Karabarbounis
One Dollar, One Vote
vol 121, p621


Kevin Lansing
Rational and Near-Rational Bubbles Without Drift
Vol 120, p1149


Marc Flandreau and Clemens Jobst
The Empirics of International Currencies: Historical Evidence
Vol 119, p643


Glenn D. Rudebusch and Tao Wu
A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy
Vol 118, p906


Michele Piccione & Ariel Rubinstein
Equilibrium in the Jungle
Vol 117, p883


Marcos Rangel
Alimony Rights and Intrahousehold Allocation of Resources: Evidence from Brazil
Vol 116, p627


Tilman Börgers and Christian Dustmann
Strange Bids: Bidding Behaviour in the United Kingdom's Third Generation Spectrum Auction
Vol 115, p551


Paul Cheshire and Stephen Sheppard
Capitalising the Value of Free Schools: The Impact of Supply Characteristics and Uncertainty
Vol 114, p F397


Geir Asheim and Martin Dufwenberg
Deductive Reasoning in Extensive Games
Vol 113, p305


Wilfred J Ethier
Unilateralism in a Multilateral World
Vol 112, p266


Song Han and Casey B Mulligan
Human Capital, Heterogeneity and Estimated Degrees of Intergenerational Mobility
Vol 111, p207


Richard Dickens
The Evolution of Individual Male Earnings in Great Britain: 1975-95
Vol 110, p27


J J Heckman and J A Smith
The Pre-programme Earnings Dip and the Determinants of Participation in a Social Programme: Implications for Simple Programme Evaluation Strategies
Vol 109, p313


M Armstrong
Network Interconnection in Telecommunications
Vol 108, p545


W K Viscusi
Alarmist Decisions with Divergent Risk Information
Vol 107, p1657


D Friedman
Equilibrium in Evolutionary Games: Some Experimental Results Vol 106, p1


D Acemoglu and A Scott
Consumer Confidence and Rational Expectations: Are Agent's Beliefs Consistent with the Theory
Vol 104, p1


J Pemberton
Attainable Non-optimality or Unattainable Optimality: A New Approach to Stochastic Life Cycle
Vol 103, p1 and p992 (erratum)


M Hashem Pasaran
An Econometric Analysis of Exploration and Extraction of Oil in the UK Continental Shelf
Vol 100, p367


O Attanasio and G Weber
Intertemporal Substitution, Risk Aversion and the Euler Equation for Consumption
Conference paper
Vol 99, p59s

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