Nobel Prize in Economics 2016 Focus
The Nobel Memorial Prize in Economic Sciences in 2016 recognized significant advancements in economic analysis.
Award Rationale
The prize was awarded for:
- Contributions to contract theory: This area of study examines how contracts shape economic relationships and influence organizational structures. It helps understand how incomplete contracts affect economic outcomes and how firms and institutions are designed to manage these limitations.
This specific research provided foundational insights into the challenges of designing efficient contracts and governance structures within organizations.
Important Questions from Economics
RBI The sale of a bond by the United States to individuals or institutions results in a ______.
I. Shortage of stock
II. Shortage in money supply
In which city is the head office of the Insurance Regulatory and Development Authority of India (IRDAI) situated?
Which of the following statements are CORRECT for welfare economics?
A. Any competitive equilibrium leads to a Pareto efficient allocation of resources
B. Competitive equilibrium does not lead to Pareto efficient allocation of resources
C. Any efficient allocation can be attained by a competitive equilibrium given the market mechanism leading to redistribution
D. There will be no Pareto efficient allocation of resources in the society
Choose the correct answer from the options given below:
The persistent and appreciable full in level of prices and when the rate of change of price index is negative it is called as
Hindustan Fluorocarbons Ltd (HFL) is subsidiary company of _______.
