Announcement
The Richard Stone Prize in Applied Econometrics
It is my pleasure to announce the winner of the sixth Richard Stone Prize in Applied Econometrics selected from the papers published in 2000 and 2001 (Volumes 15 and 16) of the Journal of Applied Econometrics. The Prize was established following the death of Sir Richard in December 1991 and is awarded bi-annually for the best paper in the preceding two volumes. The value of the Prize is $2,000.The Prize for 2000 and 2001 has been awarded to Professor Daniel Mcfadden and Professor Kenneth Train of the University of California for their paper:
"Mixed MNL Models for Discrete Response"
which was published in 2000 (Volume 15 No 5 of the Journal).
The winner was selected by the Editorial Committee of the Journal, who applied the following criteria in arriving at their decision:
a) Survey papers, special lectures, and papers published by co-editors (jointly or singly) should be excluded;
b) Only papers with substantive econometric application should be included. This excludes papers which contain only Monte Carlo applications, or econometric method papers in which the focus of the application is illustration of the techniques rather than substantive application to problems of interest in economics.
Previous winners of the Richard Stone Prize in Applied Econometrics are:
Professor Geert Ridder, of the University of Groningen, for his
paper "An Event History Approach to the Evaluation of Training,
Recruitment and Employment Programmes" which was published in 1986 (Volume 1
No.2),
Professor Joel Horowitz of the University of Iowa, for
his paper, "The Role of the List Price in Housing Markets: Theory and
an Econometric Model" which was published in 1992 (Volume 7 No.2)
Professor Marco Bonomo of the Pontificia Universidade Catolica do Rio de
Janeiro, Brazil, and Professor Rene Garcia of the Universite de
Montreal et CRDE, Canada for their joint paper "Can a Well-fitted
Equilibrium Asset-pricing Model Produce Mean Reversion?" which was
published in 1994 (Volume 9 No.1).
Professor Leslie E. Papke and Professor Jeffrey M. Wooldridge of
Michigan State University, for their joint paper "Econometric
Methods for Fractional Response Variables with an Application to 401(K)
Plan Participation Rates" which was published in 1996 (Volume 11, Number 6).
Professor
Moshe Buchinsky of Brown University for his paper "The Dynamics of
Changes in
the Female Wage Distribution in the USA: A Quantile Regression
Approach" which was published in 1998 (Volume 13, Number 1).
The next Richard Stone Prize in Applied Econometrics will be awarded in 2004 for the best paper published in 2002 and 2003 (Volumes 17 and 18) of the Journal.
M Hashem Pesaran
Editor
