The Bernhard Harms Prize, named after the founder of the Kiel Institute, is awarded every two years. The prize in particular honors scholars with a distinguished record in the field of international economics.
The prize includes a cash award of 25,000 Euro which is contributed by the Society for the Promotion of the Kiel Institute. The prize was awarded for the first time in 1964 in honor of the 50th anniversary of the founding of the Institute.
The Bernhard Harms Lectures, which are given by the prize-winners at the award ceremony are now regularly published in the Institute’s international journal "Review of World Economics / Weltwirtschaftliches Archiv".
Kiel Institute’s Bernhard Harms Prize 2016 goes to Marc Melitz
The Bernhard Harms Prize 2016 was awarded to Professor Marc Melitz, Harvard University, in a ceremony held at the Kiel Institute on Dec.7, 2016.
“In Marc Melitz, we are honoring an economist who has made a very valuable contribution to the research of global economic relationships and global economic cooperation,” said Dennis Snower, president of the Kiel Institute, on presenting the award.
“Thanks to his work, we now understand the conditions that determine when companies are restricted to their domestic market, when they begin to export, and when they establish a presence in other countries. We understand why companies with the same products and the same target groups operate in totally different ways on the global stage, and we have a better idea of the extent to which international trade can strengthen the market position and productivity of a company in its home country.”
Melitz’s 2003 paper The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity, originally published in the prestigious journal Econometrica, is one of the most widely referenced works in recent decades, with over 10,000 academic citations. The Melitz model presented in the paper is now a cornerstone of modern international trade theory.