þÿ<html> <head> <meta http-equiv=Content-Type content="text/html; charset=unicode"> <meta name=ProgId content=Excel.Sheet> <meta name=Generator content="Microsoft Excel 11"> <style> <!-- * { line-height: 1em; }table {} .style0 {text-align:general; vertical-align:bottom; white-space:nowrap; color:windowtext; font-size:10.0pt; font-weight:400; font-style:normal; text-decoration:none; font-family:Arial; border:none;} td {padding-top:1px; padding-right:1px; padding-left:1px; color:windowtext; font-size:10.0pt; font-weight:400; font-style:normal; text-decoration:none; font-family:Arial; text-align:general; vertical-align:bottom; border:none; white-space:nowrap;} .xl24 {text-align:center; border:.5pt solid black; white-space:normal;} .xl25 {font-weight:700; text-decoration:underline; text-underline-style:single; font-family:Arial, sans-serif; text-align:left; border:.5pt solid black; white-space:normal;} .xl26 {border:.5pt solid black;} .xl27 {text-align:center; border-top:.5pt solid black; border-right:.5pt solid black; border-bottom:.5pt solid black; border-left:1.5pt solid black; white-space:normal;} .xl28 {text-align:center; border-top:.5pt solid black; border-right:1.5pt solid black; border-bottom:.5pt solid black; border-left:.5pt solid black; white-space:normal;} .xl29 {border-top:.5pt solid black; border-right:1.5pt solid black; border-bottom:.5pt solid black; border-left:.5pt solid black; white-space:normal;} .xl30 {font-weight:700; text-decoration:underline; text-underline-style:single; font-family:Arial, sans-serif; border:.5pt solid black;} .xl31 {text-align:center; border-top:none; border-right:.5pt solid black; border-bottom:.5pt solid black; border-left:1.5pt solid black; white-space:normal;} .xl32 {font-weight:700; text-decoration:underline; text-underline-style:single; font-family:Arial, sans-serif; border-top:none; border-right:.5pt solid black; border-bottom:.5pt solid black; border-left:.5pt solid black;} .xl33 {text-align:center; border-top:none; border-right:.5pt solid black; border-bottom:.5pt solid black; border-left:.5pt solid black; white-space:normal;} .xl34 {text-align:center; border-top:none; border-right:1.5pt solid black; border-bottom:.5pt solid black; border-left:.5pt solid black; white-space:normal;} .xl35 {font-size:12.0pt; font-weight:700; font-family:Arial, sans-serif; text-align:center; border-top:1.5pt solid black; border-right:.5pt solid black; border-bottom:1.5pt solid black; border-left:1.5pt solid black; white-space:normal;} .xl36 {font-size:12.0pt; font-weight:700; font-family:Arial, sans-serif; text-align:center; border-top:1.5pt solid black; border-right:.5pt solid black; border-bottom:1.5pt solid black; border-left:.5pt solid black; white-space:normal;} .xl37 {font-size:12.0pt; font-weight:700; font-family:Arial, sans-serif; text-align:center; border-top:1.5pt solid black; border-right:1.5pt solid black; border-bottom:1.5pt solid black; border-left:.5pt solid black; white-space:normal;} .xl38 {font-size:12.0pt; font-weight:700; font-family:Arial, sans-serif;} .xl39 {font-weight:700; font-family:Arial, sans-serif;} .xl40 {text-align:center; border-top:none; border-right:.5pt solid black; border-bottom:1.5pt solid black; border-left:1.5pt solid black; white-space:normal;} .xl41 {font-weight:700; text-decoration:underline; text-underline-style:single; font-family:Arial, sans-serif; border-top:none; border-right:.5pt solid black; border-bottom:1.5pt solid black; border-left:.5pt solid black;} .xl42 {border-top:none; border-right:.5pt solid black; border-bottom:1.5pt solid black; border-left:.5pt solid black;} .xl43 {border-top:none; border-right:1.5pt solid black; border-bottom:1.5pt solid black; border-left:.5pt solid black;} .xl44 {font-weight:700; text-decoration:underline; text-underline-style:single; font-family:Arial, sans-serif; border-top:.5pt solid black; border-right:none; border-bottom:.5pt solid black; border-left:none;} .xl45 {border-top:.5pt solid black; border-right:1.5pt solid black; border-bottom:.5pt solid black; border-left:.5pt solid black;} --> </style> </head> <body link="#0000d4" vlink="#993366"> <table border=0 cellpadding=0 cellspacing=0 width=459 style='border-collapse: collapse;table-layout:fixed'> <col width=159> <col width=130> <col width=53> <col width=117> <col width=53 span=252> <tr height=27> <td height=27 class=xl38 colspan=2 width=289><a name="Print_Area">The John Bates Clark Medal</a></td> <td width=53></td> <td class=xl39 width=117> Exhibit 8b</td> </tr> <tr height=20> <td height=20 class=xl35 width=159>Year of Award</td> <td class=xl36 width=130>Winner</td> <td class=xl36 width=53>Nobel</td> <td class=xl37 width=117>Wait Time (in yrs)</td> </tr> <tr height=15> <td height=15 class=xl31 width=159>1947</td> <td class=xl32>Paul A. Samuelson</td> <td class=xl33 width=53>1970</td> <td class=xl34 width=117>23</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1949</td> <td class=xl26>Kenneth E. Boulding</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl28 width=117>out</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1951</td> <td class=xl30>Milton Friedman</td> <td class=xl24 width=53>1976</td> <td class=xl28 width=117>25</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1953</td> <td class=xl24 width=130>No Award&nbsp;</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl28 width=117>n/a</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1955</td> <td class=xl26>James Tobin</td> <td class=xl24 width=53>1981</td> <td class=xl28 width=117>26</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1957</td> <td class=xl30>Kenneth J. Arrow</td> <td class=xl24 width=53>1972</td> <td class=xl28 width=117>15</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1959</td> <td class=xl30>Lawrence R. Klein</td> <td class=xl24 width=53>1980</td> <td class=xl28 width=117>21</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1961</td> <td class=xl30>Robert M. Solow</td> <td class=xl24 width=53>1987</td> <td class=xl28 width=117>26</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1963</td> <td class=xl30>Hendrik S. Houthakker</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl28 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1965</td> <td class=xl30>Zvi Griliches</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl28 width=117>out</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1967</td> <td class=xl30>Gary S. Becker</td> <td class=xl24 width=53>1992</td> <td class=xl28 width=117>25</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1969</td> <td class=xl30>Marc Leon Nerlove</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl28 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1971</td> <td class=xl26>Dale W. Jorgenson</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl28 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1973</td> <td class=xl25 width=130>Franklin M. Fisher</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl28 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1975</td> <td class=xl26>Daniel McFadden</td> <td class=xl24 width=53>&nbsp;2000</td> <td class=xl28 width=117>25</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1977</td> <td class=xl30>Martin S. Feldstein</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl28 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1979</td> <td class=xl30>Joseph E. Stiglitz</td> <td class=xl24 width=53>&nbsp;2001</td> <td class=xl28 width=117>22</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1981</td> <td class=xl26>A. Michael Spence</td> <td class=xl24 width=53>&nbsp;2001</td> <td class=xl28 width=117>20</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1983</td> <td class=xl26>James J. Heckman</td> <td class=xl24 width=53>&nbsp;2000</td> <td class=xl28 width=117>17</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1985</td> <td class=xl30>Jerry A. Hausman</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl29 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1987</td> <td class=xl30>Sanford J. Grossman</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl29 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1989</td> <td class=xl30>David M. Kreps</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl29 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1991</td> <td class=xl25 width=130>Paul R. Krugman</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl29 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1993</td> <td class=xl30>Lawrence H. Summers</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl29 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1995</td> <td class=xl26>David Card</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl29 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1997</td> <td class=xl26>Kevin M. Murphy</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl29 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>1999</td> <td class=xl30>Andrei Shleifer</td> <td class=xl24 width=53>&nbsp;</td> <td class=xl29 width=117>&nbsp;</td> </tr> <tr height=15> <td height=15 class=xl27 width=159>2001</td> <td class=xl44>Matthew Rabin</td> <td class=xl26>&nbsp;</td> <td class=xl45>&nbsp;</td> </tr> <tr height=13> <td height=13 class=xl40 width=159>2003</td> <td class=xl41>Steven Levitt</td> <td class=xl42>&nbsp;</td> <td class=xl43>&nbsp;</td> </tr> <tr height=13> <td height=13></td> <td></td> <td></td> <td></td> </tr> </table> </body> </html>