Hicks-Tinbergen Award

2020 Hicks-Tinbergen Award Recipients:

Hicks-Tinbergen award winners

Paper: Competition and the Welfare Gains from Transportation Infrastructure: Evidence from the Golden Quadrilateral of India (JEEA Volume 17 Issue 6)

Authors: Jose Asturias, Manuel García-Santana and Roberto Ramos

Motiviation: This paper provides major new insights on how to measure the welfare gains from infrastructure projects, decomposing these gains arising through a standard Ricardian channel, from those arising from improvements in allocative efficiency and markups terms of trade. The model is taken to the data to assess the welfare impacts of the Golden Quadrilateral project in India. Starting in 2001, within five years this provided nearly 6000km of modern highway connecting four major metropolitan areas (Delhi, Mumbai, Chennai, and Calcutta). The quantitative trade model shows that the infrastructure project led to real income gains of 2.7%, with allocative efficiency accounting for 7.4% of the gains, with the remaining welfare gains being accounted for by changes in labor income, productive efficiency, and average markups impacting states' terms of trade. The paper elegantly combines theory with data to a highly policy relevant question, giving new emphasis to the role of firms and market power in determining gains and distributional consequences of large scale infrastructure investments.

Award Committee: Imran Rasul (Chair), Oriana Bandiera and Kjetil Storesletten

Past Award Winners


Long-term Persistence (JEEA 14:6) - Luigi Guiso, Paola Sapienza and Luigi Zingales

Award Committee: Juuso Valimaki (Chair), Philippe Aghion and Per Krusell


The Balanced US Press (JEEA 13:2) - Riccardo Puglisi and James Snyder

Award Committee: Juuso Valimaki (Chair), Rachel Griffith and Eliana La Ferrara


What Good Is Wealth Without Health? The Effect of Health on the Marginal Utility of Consumption (JEEA Volume 11 Issue s1) - Amy Finkelstein, Erzo F.P. Luttmer, and Matthew Notowidigdo

Award Committee: Fabrizio Zilibotti (Chair), Manuel Arellano and Maristella Botticini


Culture and Institutions: Economic Development in the Regions of Europe (JEEA Volume 8 Issue 4) - Guido Tabellini

Award Committee: Fabrizio Zilibotti (Chair), Orazio Attanasio and Christopher Pissarides


Youth Unemployment and Crime in France (JEEA Volume 7 Issue 5) - Denis Fougère, Francis Kramarz and Julien Pouget

Award Committee: Fabrizio Zilibotti (Chair), Ernst Fehr and Jordi Galí


Ego Utility, Overconfidence, and Task Choice (JEEA Volume 4 Issue 4) - Botond Köszegi

Award Committee:  Xavier Vives (Chair), Andreu Mas-Colell and Timothy Besley


Capital, Labor and the Firm: A Study of German Codetermination - Gary Gorton and Frank A. Schmid

Award Committee: Mathias Dewatripont (Chair), Guido Tabellini and Xavier Vives


An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (JEEA 1:5) - Frank Smets and Raf Wouters

Award Committee: Torsten Persson (Chair), Thomas Mariotti and Thomas Piketty


Electoral competition and politician turnover (EER, 45 (1), 1/2001, 1-26) - Juan Carrillo and Thomas Mariotti

Award Committee: Philippe Aghion (Chair), Giuseppe Bertola and Ernst Fehr


Gift exchange and reciprocity in competitive experimental markets (EER 42/1 (1998), 1-34)- Ernst Fehr, Georg Kirchsteiger and Arno Riedl

Award Committee: Peter Neary (Chair), Charles Bean and Timo Terasvirta


Wages, profits and the international portfolio puzzle (EER, 40 (1997), 219-254) - Laura Bottazzi, Paolo Pesenti and Eric van Wincoop

Award Committee: Eric van Damme (Chair), Roland Benabou and Costas Meghir


Job Matching and Job Competition: Are lower educated workers at the back of job queues? (EER, 39 (1995),1717- 1731) - Jan van Ours and Geert Rider

Award Committee: Richard Blundell (Chair), Willem Buiter and Jean Tirole


Customer coalitions, Monopoly price discrimination and generic entry deterrence (EER, 37 (1993), 1569-1597) - Robert Innesq and Richard J. Sexton

Award Committee: Angus Deaton (Chair), Jean-Jacques Laffont and Lars Svensson


Price formation for fish: An application of an inverse demand function (EER, 33 (1989), 1509-1525) - A.P. Barten and L.J. Bettendorf

Award Committee: Marc Nerlove (Chair), Francesco Giavazzi and John Sutton