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Tag Archives: Elinor Ostrom

The connection between 2009 Nobel Prize in Economics winner Elinor Ostrom’s work on the governance of common-pool resources and relatively recent work on knowledge commons.

“Ostrom’s pioneering work mostly concerns the governance of common-pool resources — resources that are rivalrous (i.e., scarce, can be used up, unlike digital goods) yet need to be or should be governed as a commons — classically, things like water systems and the atmosphere. This work is cited by many scholars of non-rivalrous commons (e.g., [...]

Nobel Prize for Economics 2009 — Prediction Accuracy

The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2009 to Elinor Ostrom “for her analysis of economic governance, especially the commons” and Oliver E. Williamson “for his analysis of economic governance, especially the boundaries of the firm”.
Both the bookmakers and [...]

Nobel Prize for Economics 2009 Predictions

The 2009 Nobel prize for economics (2009 Sveriges Riksbank prize in economic sciences) will be awarded on Monday, October 12, 2009.
1. Bookmakers
Ladbrokes’s probabilities (odds) for the 2009 Nobel prize in economics:
Eugene Fama 2/1
Paul Romer 4/1
Ernst Fehr 6/1
Kenneth R. French 6/1
William Nordhaus 6/1
Robert Barro 7/1
Matthew J Rabin 8/1
Jean Tirole 9/1
Martin Weitzman 9/1
Chris Pissarides 10/1
Dale T Mortensen [...]

Who will get the 2009 Nobel Prize for Economics? Don’t bet on it. Too risky.

1. Prediction Markets
2a. InTrade has just opened some Nobel prediction markets —see under “current events”.
2b. Inkling Markets – Which economist will receive the 2009 Nobel Prize for Economics (a.k.a. the Sveriges Riksbank Prize in Economic Sciences)?
Previously: Will Chicago get the Olympics? Don’t bet on it. Too risky.
Stay away from these markets where the intention is [...]

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