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In 2002, IFREE-founder Dr. Vernon Smith was awarded the Nobel Prize in Economics for "having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms." |
IFREE Distinguished Scholars IFREE was founded in 1997 with a $1,000,000 endowment for the IFREE Distinguished Scholars Program . At that time two of the most preeminent scholars in experimental economics were named and awarded annual support over twenty-five years to advance their research agendas.
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