For his analyses of markets with Asymmetric information”.
Affiliation at the time of Award
1 He Showed that asymmetric information can be provided the key to understanding many observed market phenomenon, including unemployment and credit rationing.
1 Readings in the modern theory of economic growth (1969).
2 The economic role of the state (1989).
3 The Price of Inequality (2012).
4 The Great Divide: Unequal Societies & What We Can Do About them (2015).