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Robert E. Hall and Michael Woodford have won the Nobel Prize in Economics.

The news was reported by France 24 and ABC Australia Sport, which agree that the award was given to the two economists.

According to ABC Australia Sport, the announcement was made by the Royal Swedish Academy of Sciences in Stockholm. The award therefore concerns Hall and Woodford, identified by the sources as the recipients of the Nobel Prize in Economics.

Robert E. Hall is affiliated with Stanford University in California, according to information reported by ABC Australia Sport.

Michael Woodford, meanwhile, is affiliated with Columbia University in New York, according to ABC Australia Sport’s report.

France 24 describes Hall and Woodford as American. The same characterization appears in the headline of ABC Australia Sport’s report, while the summary provided by the latter outlet adds no further details about their nationality.

The award given to the two scholars constitutes the core of the announcement reported by the sources: Hall and Woodford are the winners of the Nobel Prize in Economics.