Gabriel Ahlfeldt wins 2018 Frisch Medal
Congratulations to Dr Gabriel Ahlfeldt and his co-authors Prof Daniel Sturm (LSE), Prof Steve Redding (Princeton University), and Prof Nikolaus Wolf (Humboldt-Universität Berlin) for winning the prestigious Frisch Medal 2018, awarded by the Econometric Society for their 2015 paper ‘The economics of density: evidence from the Berlin Wall’.
The jury commented:
“The Economics of Density: Evidence from the Berlin Wall" by Gabriel Ahlfeldt, Stephen Redding, Daniel Sturm, and Nikolaus Wolf, breaks genuinely new ground in the modelling of cities and the spatial organization of economic activity. From the stepping stone of a long tradition in urban economics, the authors develop a theoretical model of an asymmetric city with a large number of “blocks” in which land developers offer floor space for production or residences, firms choose where to produce and whom to hire, and workers choose where to work and where to live. The paper provides an outstanding example of how to credibly and transparently use a quasi-experimental approach to structurally estimate model parameters that can serve as critical inputs for counterfactual policy analyses”.
The Frisch Medal was established by the Econometric Society to encourage the creation of exceptional applied work and its submission to the group’s journal, Econometrica. The award is named in honor of Ragnar Frisch, the first co-recipient of the Nobel Prize in economics. Read more about the Frisch Medal Award here.