This year's Nobel Prize in Economic Sciences went to George Akerlof of the University of California at Berkeley, Michael Spence of Stanford University, and myself for our work on ``asymmetry of information.'' What is that work about and why did we undertake it?
This year's Nobel Prize in Economic Sciences went to George Akerlof of the University of California at Berkeley, Michael Spence of Stanford University, and myself for our work on ``asymmetry of information.'' What is that work about and why did we undertake it?