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Nobel Memorial Prize in Economics for the year 2000
Authors:
Viktor Kotlán
JEL classification:
C19
Keywords:
microeconometrics, Nobel Prize
Abstract
The article summarizes the recent seminar of the Czech Economic Association devoted to the Nobel Prize laureates in economics for 2000, James J. Heckman and Daniel L. McFadden. A paper presented by M. Zajícek concentrated mainly on the work of Mr. McFadden. Economic problems, especially those related to the self-selection bias and its role in appraising the outcome of social programs, are considered.