Nobel Prizes and Laureates

Nobel Prizes and Laureates

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001
George A. Akerlof, A. Michael Spence, Joseph E. Stiglitz

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Joseph E. Stiglitz - Facts

Joseph E. Stiglitz

Joseph E. Stiglitz

Born: 9 February 1943, Gary, IN, USA

Affiliation at the time of the award: Columbia University, New York, NY, USA

Prize motivation: "for their analyses of markets with asymmetric information"

Field: economics of information

Contribution: Showed that asymmetric information can provide the key to understanding many observed market phenomena, including unemployment and credit rationing.

Prize share: 1/3

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