The Nobel Prizes are administered by the Nobel Foundation and awarded by specific academic and political bodies in Sweden and Norway.
- Royal Swedish Academy of Sciences: Responsible for selecting the Nobel Laureates in Physics, Chemistry, and the Sveriges Riksbank Prize in Economic Sciences.
- Karolinska Institutet: The Nobel Assembly at Karolinska Institutet selects the Nobel Laureate in Physiology or Medicine.
- Swedish Academy: Responsible for selecting the Nobel Laureate in Literature.
- Norwegian Nobel Committee: Appointed by the Norwegian Parliament (Storting), this committee selects the recipient of the Nobel Peace Prize, which is awarded in Oslo, Norway.
- Laureate Limitations: A Nobel Prize can be shared by up to three individuals, or in the case of the Peace Prize, it can also be awarded to organizations. Posthumous nominations are not permitted.