Dale Mortensen

search-and-matching labor models.

Dale Mortensen (1939–2014) was a professor of economics at Northwestern University. He shared the 2010 Nobel Memorial Prize in Economic Sciences with Peter Diamond and Christopher Pissarides for search-and-matching theory, which models the time and friction involved when workers seek jobs and firms seek workers. His framework remains the standard tool for analysing unemployment, wage determination, and labour market policy.