Economists who proved how whole economies reach equilibrium and how unequal information shapes markets. An economist belongs here when the cited article credits the person with general equilibrium theory, social choice, revealed preference or information economics. The group brings together the entries filed under the heading General Equilibrium and Information Economists, so a reader can compare them and move from one to another within the same part of the economic field.
All General Equilibrium and Information Economists
Filter Results2 entries
Sources
Gérard Debreu (Wikipedia)
Wikimedia FoundationHas Member: Gérard Debreu, BodyQuote, Has Member: Gérard Debreu, Body
In 1954, he published a breakthrough paper, entitled Existence of an Equilibrium for a Competitive Economy, together with Kenneth Arrow, in which they provided a definitive mathematical proof of the existence of a general equilibrium, using topological rather than calculus-based methods.
Joseph Stiglitz (Wikipedia)
Wikimedia FoundationHas Member: Joseph Stiglitz, BodyQuote, Has Member: Joseph Stiglitz, Body
It was for this contribution to the theory of information asymmetry that he shared the Nobel Memorial Prize in Economics with George A. Akerlof and A. Michael Spence in 2001 "for laying the foundations for the theory of markets with asymmetric information".
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.