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The Université de Lyon awards an Honorary Doctorate to Professor Vernon Smith, Nobel Prize laureate in economics
On The November 6, 2018
On Tuesday, November 6, during the Economy Days (JÉCO), the Université de Lyon awarded the title of Doctor Honoris Causa to Professor Vernon Smith, the 2002 Economic Sciences Nobel Prize laureate for his research in experimental economics.
Professor Vernon Smith receives the honorific title of Doctor Honoris Causa
The Université de Lyon decided to honor Professor Vernon Smith’s work, which received a 2002 Nobel Prize in Economic Sciences, with the title of Doctor Honoris Causa at the Université de Lyon during the JÉCO event.
Professor Vernon Smith is acclaimed for his scientific research in the economics of “natural resources”, and is considered to be one of the founding fathers of “experimental” economics.
During the gala dinner held during the Economy Days, a yearly event which brings together world-renowned economists in Lyon and encourages debate and discussion, Khaled Bouabdallah, President of the Université de Lyon, awarded this honorific title at the Hôtel de Ville de Lyon in attendance of Gérard Collomb, the mayor of Lyon.
Documents to download
- PR - Vernon Smith DHC - 2018.pdf (PDF, 180 kB)
To read as well
Professor Vernon Smith's biography
Vernon Smith is a Professor at Chapman University in Orange County, California, where he founded the Economic Science Institute.
Vernon Smith has received a number of distinctions, including being elected to the National Academy of Sciences in 1995 and the prestigious Caltech prize in 1996. In 2002, he received the Sveriges Riksbank Prize in memory of Alfred Nobel “for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms.” Vernon Smith has played a pivotal role in the emergence of experimental economics by formalizing the main methodological rules based on his induced value theory.
Vernon Smith has authored over 300 articles and books about capital theory, finance, price determination, the rules underlying market organization and the economics of natural resources.