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:
影响因子:
--
通讯作者:
J. Weibull
中科院分区:
文献类型:
--
作者:
K. Lofgren;T. Persson;J. Weibull
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,