The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1996 — James A. Mirrlees and William Vickrey

Royal Swedish Academy of Sciences. (1996). The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1996 — James A. Mirrlees and William Vickrey.

Type

Web resource

Intellectual base

Web

Year

1996

Link

https://www.nobelprize.org/prizes/economic-sciences/1996/

Cited from

economics_finance

Cited by

2 citations across 2 artifacts.

Primes

• Auction Theory
  • … which introduced the second-price sealed-bid auction (Vickrey auction) and showed truthful bidding is a weakly dominant strategy in it — a design result with vast implications, as Vickrey (1961) himself noted. Vickrey received the 1996 Nobel Prize in Economics partly for this work (shortly before his death).
• Screening
  • Mirrlees shared the 1996 Nobel Prize in Economics partly for this work

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