Nobel Prize

Swedish 14 oktober 1997 har beslutat utdela Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne år 1997 till Professor Robert C. Merton, Harvard University, Cambridge, USA och Professor Myron S. Scholes, Stanford University, Stanford, USA för en ny metod att värdera derivatinstrument. Robert C. Merton och Myron S. Scholes har, tillsammans med den…

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  Additional background material on the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997 14 October 1997 has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997, to Professor Robert C. Merton, Harvard University, and Professor Myron S. Scholes, Stanford University for…

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I was born in New York, New York, on July 31, 1944, the middle child between two sisters, Stephanie and Vanessa. I grew up in Hastings-on-Hudson, a village of about 8000 outside the city, in a house that Vanessa and her family live in today. My father, born in Philadelphia the son of immigrant parents,…

William S. Vickrey was born in Victoria, British Columbia, in 1914. His elementary and secondary education were in Europe and the United States, with graduation from Phillips Andover Academy in 1931. He received a B.S. in mathematics from Yale in 1935, followed by graduate work in economics at Columbia University from 1935 to 1937, when…

Procuring Universal Service: Putting Auction Theory to Work Lecture at the Royal Academy of Sciences, December 9, 1996 by Pdf 16 MB William Vickrey: A Pioneer in the Economics of Incentives Lecture, December 27, 1996 by Jean-Jacques Laffont Pdf 368 kB …

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English 8 October 1996 has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 1996, to Professor James A. Mirrlees, University of Cambridge, U.K. and Professor William Vickrey, Columbia University, New York, USA, (deceased October 10, 1996) for their fundamental contributions to the economic theory of incentives under…

Presentation Speech by Professor Bertil Näslund of the Translation of the Swedish text Your Majesties, Your Royal Highness, Ladies and Gentlemen, A market economy is a gigantic system which communicates information about the production costs of enterprises and consumer preferences. Sometimes, however, information is unevenly distributed among decision-makers. A bank which lends money to a…