Nobel economics prizes focus on policy, regulation

STOCKHOLM - Two Americans and a British-Cypriot won the 2010 economics Nobel for work focusing on problems like unemployment.

The Royal Swedish Academy of Sciences said the $1.5 million prize recognized United States professors Peter Diamond and Dale Mortensen and British-Cypriot citizen Christopher Pissarides.

Their work included analyses of the process of buying and selling and how job vacancies and wages are affected by regulation and policy.