Asymmetric information and public economics: the Mirrlees-Vickrey Nobel Prize

Article Abstract:

Columbia University's William Vickrey, and Cambridge University's James Mirrlees have been awarded the 1996 Economics Nobel Memorial Prize. Their work may appear to focus on pure theory, but they have also deal with public policy. There are implications from the work of these economists on public policy for the problem for how to develop models to understand asymmetrical information. Their work has meant that models have been developed which decisionmakers can recognize more easily, and theory has moved closer to concrete policy topics.

Models, Analysis, Works, Information theory, Information theory in economics, Vickrey, William S., Mirrlees, James A.

---

Leon Walras and the Nobel Peace Prize

Article Abstract:

The way in which Leon Walras was able to get nominated and eventually win the Nobel Peace Prize is scrutinized. It is hard to argue that Walras should top the list of nominees over Theodore Roosevelt. Walras' contributions to the theory of free trade are questionable as this forms the basis for his award.

Evaluation, Nobel Prizes, Walras, Leon

---

Daron Acemoglu: 2005 John Bates Clark medalist

Article Abstract:

The interpretation of the research work of Daron Acemoglu, the winner of the John Bates Clark medal in 2005, in the field of economics is presented.

Science & research, Economics, Research, Interpretation and construction, Acemoglu, Daron

Similar abstracts:

• Abstracts: Thanatology and economics: the behavioral economics of death. Toward a consumption tax, and beyond
• Abstracts: The missing motivation in macroeconomics. On the irrelevance of input prices for make-or-buy decisions. Simple cost-sharing contracts
• Abstracts: A primer on the economics of re-importation of prescription drugs. 'Branded generics' as a strategy to limit cannibalization of pharmaceutical markets
• Abstracts: Commentary. Commentary: drug and vaccine pricing and innovation, what is the story?
• Abstracts: Fiscal policy under New Labour. De-industrialization and the balance of payments in advanced economies. Structural change under New Labour

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.