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Americans Nordhaus, Romer win Nobel Economics Prize

STOCKHOLM: Americans William Nordhaus and Paul Romer won the 2018 Nobel Economics Prize for work in integrating climate change and technological innovation into economic analysis, the Royal Swedish Academy of Sciences said on Monday. Nordhaus, of Yale University, was the first person to create a quantitative model that described the interplay between the economy and the climate, the academy said. Romer, of New York University‚Äôs Stern School of Business, has shown how economic forces govern the willingness of firms to…