FESE De la Vega Prize

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Inaugurated in 2000, the FESE De la Vega Prize is awarded each year to a young scholar for an outstanding research paper on financial markets, as decided by an impartial jury. The Prize particularly values papers about current developments in European financial markets which promote public markets.

Customarily, the Prize – along with its attendant winnings – is awarded at the FESE Convention in late May/early June, with the winning authors given the opportunity to present their paper to the Convention’s high-level audience.

The FESE De la Vega Prize 2022 was awarded to Samuel M. Hartzmark, Associate Professor of Finance at the University of Chicago Booth School of Business, and David H. Solomon, Associate Professor of Finance at the Boston College Carroll School of Management, for their paper “Predictable Price Pressure”. Full press release here.

Click here to view past winning papers

About Josseph De la Vega

Josseph De la Vega was born around 1650 into a family of Sephardi Jews. After several dramatic works and novels, in 1688 De la Vega published Confusión de Confusiones, a book of dialogues concerned with the operations of the Amsterdam Stock Exchange. De la Vega gives three motives for writing the dialogues: simple pleasure; to increase understanding among those who were not in the financial business of what he regarded as “the most honest and most useful [business] of all that existed at the time”; and, on the other hand, to caution about the “tricks” engaged in by contemporary financial businesspeople.1 FESE believes there still to be much value and relevance today in many of De la Vega’s observations about the behaviour of investors in markets. This is why since 2000 FESE has chosen to award an eponymous Prize to young scholars delivering outstanding research in the same field.

1 Kellenbenz, H. (1957). Introduction. In : De la Vega, J. Confusión de Confusiones. Cambridge, MA, USA: Harvard University, x