Professor Jörgen W. Weibull delivering the Presentation Speech for the 2001 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel at the Stockholm Concert Hall. Presentation Speech by Professor Jörgen W. Weibull of the , December 10, 2001. Translation of the Swedish text. Your Majesties, Your Royal Highnesses, Honoured Nobel…

French October 10, 2001 a décidé d’attribuer pour l’année 2001 le Prix de Sciences économiques créé par la Banque de Suède à la mémoire d’Alfred Nobel conjointement à George A. Akerlof University of California, Berkeley, USA, A. Michael Spence Stanford University, USA, et Joseph E. Stiglitz Columbia University, USA, “pour leurs travaux sur les marchés…

English Information for the Public For more than two decades, the theory of markets with asymmetric information has been a vital and lively field of economic research. Today, models with imperfect information are indispensable instruments in the researcher’s toolbox. Countless applications extend from traditional agricultural markets in developing countries to modern financial markets in developed…

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Swedish Populärvetenskaplig information Teorin för marknader med asymmetrisk information har under de senaste 25 åren blivit en central och forskningsmässigt mycket livaktig del av den ekonomiska vetenskapen. Modeller med informationsbrister är numera oundgängliga i forskarnas verktygslåda. Tillämpningarna är otaliga och sträcker sig från traditionella jordbruksmarknader i utvecklingsländer till moderna finansmarknader i utvecklade ekonomier. Grunden till…

  George A. Akerlof http://elsa.berkeley.edu/~akerlof/index.shtml   A. Michael Spence http://gobi.stanford.edu/facultybios/bio.asp?ID=156   Joseph E. Stiglitz http://www.columbia.edu/cu/economics/stiglitz.htm   Akerlof G. (1970), “The Market for Lemons: Quality Uncertainty and the Market Mechanism”, Quarterly Journal of Economics 84, 488-500. Riley, J. (2001), “Silver Signals: Twenty-Five Years of Screening and Signaling”, Journal of Economic Literature 39, 432-478. Rothschild M. och…

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Family backgroundI was born on June 17, 1940 in New Haven, Connecticut. My father was a chemist on the Yale faculty, my mother a housewife. They had met ten years earlier at a departmental picnic when my mother had been a chemistry graduate student at Yale. My brother, Carl, was two years older. My father,…

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