CEPR researcher wins inaugural Maurice Allais prize

Thursday, August 1, 2013

CEPR Research Fellow Roger Farmer has won the first Maurice Allais prize for a paper published in CEPR's Discussion Paper series.

Professor Farmer and his coauthors, Carine Nourry and Alain Venditti of the University of Aix Marseilles, received the award along with a €20,000 cash prize at a ceremony in Paris on 31 May. Their paper, "The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World", was published as CEPR Discussion Paper 9283 last December.

It was recognised as an outstanding piece of research that makes an original contribution which, the authors argue, can help stabilise the volatility of financial markets and prevent future financial crises.

Professor Farmer is a Distinguished Professor at UCLA and Senior Houblon Norman Fellow at the Bank of England. The award was named after and awarded in the memory of France's only Nobel Prize-winning economist, Maurice Allais.

You can download CEPR Discussion Paper 9283 for free by clicking the link below.