Christopher Pissarides
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Christopher Pissarides (shown), along with Dale Mortensen and Peter Diamond, developed a tool that is used as to estimate how unemployment benefits, interest rates and other factors can affect the labor market. (Bloomberg)

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Dale Mortensen (shown), along with Peter Diamond and Christopher Pissarides, developed a tool that is used as to estimate how unemployment benefits, interest rates and other factors can affect the labor market. (Associated Press)

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Peter Diamond (shown), along with Dale Mortensen and Christopher Pissarides, developed a tool that is used as to estimate how unemployment benefits, interest rates and other factors can affect the labor market. (Associated Press)

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Professor Christopher Pissarides of the London School of Economics smiles as he speaks to the media in London Monday, Oct. 11, 2010, following his joint award for the Nobel Prize in Economic Sciences 2010. The Nobel is awarded jointly to Americans Peter Diamond and Dale Mortensen, and British Cypriot Christopher Pissarides, as joint winners for developing theories that help explain how economic policies can affect unemployment.(AP Photo/Sang Tan)