The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1996
James A. Mirrlees, William Vickrey
James A. Mirrlees
Born: 5 July 1936, Minnigaff, Scotland
Affiliation at the time of the award: University of Cambridge, Cambridge, United Kingdom
Prize motivation: "for their fundamental contributions to the economic theory of incentives under asymmetric information"
Field: economics of information
Contribution: Pioneering work on economic incentives in situations involving incomplete, or asymmetrical, information. Specialized in auction theory.