Econometrica Paper Awarded the 7th Stephen A. Ross Prize in Financial Economics

We are pleased to report that the 2005 Econometrica paper “Over-the-Counter Markets,” written by Darrell Duffie, Nicolae Gârleanu, and Lasse Pedersen, was awarded the 7th Stephen A. Ross Prize in Financial Economics by the Foundation for Advancement of Research in Financial Economics (FARFE).  The biennial prize, currently $50,000, is given to a paper in financial economics published in the last fifteen years.

This is the second time an Econometrica paper has won this prestigious award; the 4th Ross Prize was awarded in 2014 to the 2000 Econometrica paper “Transform Analysis and Asset Pricing for Affine Jump-Diffusions” by Darrell Duffie, Jun Pan, and Kenneth Singleton.

Publication Date: 
Sunday, January 3, 2021