Nobel Prize 2001

47 %
53 %
Information about Nobel Prize 2001

Published on February 23, 2014

Author: gubarevalexandr



Brief overview of the theory of Nobel Prize laureates concerning incompleteness of information on the market

Nobel Prize 2001

On the market of light bulbs both customer and salesman are unaware of the quality of each single bulb

However, on the market of used cars only salesman is aware of the true quality of his product

Competition on this market leads to adverse selection, which in perspective is able to destroy the entire market

Nobel Prize 2001

According to the conception of market signals salesman can give his customers signals about quality of his product

Nobel Prize 2001 is a great example of how economists find out the problem and then deal with it

Add a comment

Related presentations

Related pages

The Nobel Prize in Physics 2001

The Nobel Prize in Physics 2001 was awarded jointly to Eric A. Cornell, Wolfgang Ketterle and Carl E. Wieman "for the achievement of Bose-Einstein ...
Read more

The Nobel Prize in Chemistry 2001

The Nobel Prize in Chemistry 2001 was divided, one half jointly to William S. Knowles and Ryoji Noyori "for their work on chirally catalysed hydrogenation ...
Read more

Nobel Peace Prize 2001 | Nobels fredspris

The official web site of the Norwegian Nobel Committee is administered by the Norwegian Nobel Institute.
Read more

2001 Nobel Prize Winners - Infoplease

2001 Nobel Prize Winners. Peace: United Nations and Kofi Annan, secretary-general of the UN, were cited “for their work for a better organized and more ...
Read more

Nobel Prizes: Year In Review 2001 |

The 2001 Nobel Prize for Peace was awarded to the United Nations (UN) and to its secretary-general, Kofi Annan. In announcing the prize in its centenary ...
Read more

2001 Nobel Peace Prize - Wikipedia

2001 Nobel Peace Prize ← 2000; Nobel Peace Prize; 2002 → The 2001 Nobel Peace Prize was awarded to the United Nations and Kofi Annan for "their work ...
Read more

2001 Nobel Prizes Announcement - The Nobel Prize Internet ...

2001 Nobel Prize Announcements ... Date: Thursday, October 4, 2001 at 7:30 pm EDT Prize: IG NOBEL PRIZES Awarding institution: The Annals of Improbable ...
Read more

Frobbit | Domännam, DNS, Mail, Webhotell

Frobbit! för din hantering av domännamn och DNS . Givetvis erbjuder vi också web- och maitjänster. Har du en fråga om våra tjänster så är du ...
Read more

George Akerlof A Winner Of 2001 Nobel Prize In Economics

George Akerlof Wins Nobel Prize in Economics. Nobel coverage: Slide Show | Downloadable photos | Interview videos | Prize ...
Read more

Cornell and Wieman Share 2001 Nobel Prize in Physics | NIST

Cornell and Wieman Share 2001 Nobel Prize in Physics (news release) Quotes About the 2001 Nobel Prize in Physics Winners; Press Conference (Transcript)
Read more