In this very nice post about Krugman, Tyler Cowen says: Who are the big losers? Avinash Dixit and Elhanan Helpman and Maurice Obstfeld have to feel their chances for the prize went down significantly.
But what about this? Also, check Dani Rodrik.
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I wouldn't include Obstfeld in the category of losers. Afterall, the prize was given for Krugman's contributions to trade economics, not international macroeconomics (Obstfeld's specialization). And even there, Krugman paved the way with his 1979 article ("A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking). Obstfeld followed. The losers are: Bhagwati, Dixit, Norman, Helpman, Gene Grossman. But Krugman deserved it so much more than any of them! My guess is that next Nobel prize in trade will be given to Marc Melitz in 10 years or so.
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