The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1996
Born: 21 June 1914, Victoria, BC, Canada
Died: 11 October 1996, Harrison, NY, USA
Affiliation at the time of the award: Columbia University, New York, NY, USA
Prize motivation: "for their fundamental contributions to the economic theory of incentives under asymmetric information."
Contribution: Developed methods of analyzing the problems of incomplete, or asymmetrical, information. Specialized in auction theory.
Prize share: 1/2