Onassis Prizes 2012 Awarding
Award to the economy of development
Five leading professors were awarded, in the fields of Finance, International Trade and Shipping.
The five academics were honored for their research on the management of stock market portfolio, new trade and shipping competition.
Richard Goss, who was awarded the Onassis Prize 2012, has served as a president at the International Association of Maritime Economists
Photo: Duncan Phillips
In Finance, Professor Stephen Ross of Sloan School of Management of the Massachusetts Technological Institute, received the prize. He is well-known for his Arbitrary Pricing Theory and the Agency Theory. The Prize for International Trade was awarded to Professor Elhanan Helpman of Harvard University, who has suggested the theories of new trade and new development – theories that emphasize the role of economies of scale and imperfect competition. The Shipping Prize was awarded to Ernst Frankel, Professor of Engineering and Ocean Mechanics at MIT, having completed a course of 70 years in the field, Professor Richard Goss of the Cardiff University, who has carried out extensive research on shipping competition and port management, and Professor Arnljot Stromme Svendesn, who has been teaching at the Norwegian School of Economics and Business Administration since the beginning of his career in 1948.
