Who among the following has been awarded the Nobel Prize in Economics "for analysis of markets with asymmetric information"?
George A. Akerlof
George A. Akerlof shared the 2001 Nobel Memorial Prize in Economic Sciences with A. Michael Spence and Joseph E. Stiglitz for their analyses of markets with asymmetric information. Akerlof showed how unequal information about product quality can undermine markets.
Important Questions from Economy
When goods are produced by exploiting natural resources, it is an activity associated with:
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
The major economic attribute for comparing countries is their:
