Christopher Pissarides, a Greek Cypriot born in Nicosia and faculty at LSE was awarded the Nobel prize in economics for 2010, along with Peter Diamond from MIT, and Dale Mortensen from Northwestern University, for their contributions in search theory and its applications. The Swedish Royal Academy of Sciences stated that they are nominated the prize “for their analysis of markets with frictions”.
Here is the link to the official announcement and here is the official document from the prize committee highlighting the contributions of the prize recipients.
