Markets with Asymmetric Information: The Contributions of George Akerlof, Michael Spence and Joseph Stiglitz

Markets with Asymmetric Information: The Contributions of George Akerlof, Michael Spence and Joseph Stiglitz
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信息不对称的市场:乔治·阿克洛夫、迈克尔·斯彭斯和约瑟夫·斯蒂格利茨的贡献

DOI:
10.1111/1467-9442.00280
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发表时间:
2002
期刊:
Capital Markets: Market Efficiency eJournal
影响因子:
--
通讯作者:
J. Weibull
J. Weibull
中科院分区:
--
文献类型:
--
作者:
K. Lofgren;T. Persson;J. Weibull

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二十多年来,关于信息不对称情况下的激励和市场均衡的研究一直是经济理论的一个多产部分。1996年,瑞典银行纪念阿尔弗雷德·诺贝尔经济学奖表彰了詹姆斯·莫里斯和威廉·维克里对信息不对称激励理论的根本性贡献,特别是他们在设计最佳所得税和通过不同类型拍卖分配资源方面的应用。信息不对称市场的现代理论建立在今年获奖者的工作之上:乔治阿克洛夫(加州大学伯克利分校)、迈克尔斯宾塞(斯坦福大学)和约瑟夫斯蒂格利茨(哥伦比亚大学)。这项工作确实改变了经济学家对市场运作的思考方式。Akerlof建议的分析方法,
For more than two decades, research on incentives and market equilibrium in situations with asymmetric information has been a prolific part of economic theory. In 1996, the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel recognized James Mirrlees and William Vickrey's fundamental contributions to the theory of incentives under asymmetric information, in particular their applications to the design of optimal income taxation and resource allocation through different types of auctions. The modem theory of markets with asymmetric information rests firmly on the work of this year's prizewinners: George Akerlof (University of California, Berkeley), Michael Spence (Stanford University) and Joseph Stiglitz (Columbia University). This work has indeed transformed the way economists think about the functioning of markets. Analytical methods suggested by Akerlof,