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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001 was awarded jointly to George A. Akerlof, A. Michael Spence and Joseph E. Stiglitz "for their analyses of markets with asymmetric information". To cite this section. MLA style: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001.
Sep 7, 2022 · George A. Akerlof: A winner of the 2001 Nobel Prize in Economics, along with Michael Spence and Joseph Stiglitz, for his theory of information asymmetry as expressed in his famous 1970 paper, "The ...
Feb 13, 2024 · Lemons Problem: The lemons problem refers to issues that arise due to asymmetric information possessed by the buyer and the seller of an investment or product, regarding its value. The lemons ...
Mailing Address: University of California, Berkeley Department of Economics 530 Evans Hall #3880 Berkeley, CA 94720-3880. Tel No. (510) 642-5837 Fax No. (510) 642-6615
May 24, 2023 · George Akerlof is a Nobel Prize-winning economist and has been married to fellow economist Janet Yellen for more than 40 years. Yellen made history as the first woman to serve as the Federal ...
Yellen and George Akerlof have often collaborated on research, including topics such as poverty, unemployment and a paper on the costs of out-of-wedlock childbearing. One of their most discussed papers at Berkeley, on why lower wages sometimes lead to lower employment, came from the personal experience of hiring a nanny for the first time.
George Akerlof was educated at Yale and the Massachusetts Institute of Technology, where he received his PhD in 1966, the same year he became an assistant professor at UC Berkeley. He became a full professor at UC Berkeley in 1978. Professor Akerlof is a 2001 recipient of the Alfred E. Nobel Prize in Economic Science; he was honored for his ...
