Profile Major Works Resources

A. Michael Spence, 1943-

Stanford economist. A. Michael Spence introduced one of the first models of signaling in asymmetric information problems. 

Michael Spence won the Nobel Memorial Prize in 2001, alongside fellow pioneers George Akerlof and Joseph Stiglitz.

 

  


top1.gif (924 bytes)Top

Major Works of A. Michael Spence

  • "Job Market Signalling", 1973, QJE
  • "Competitive and Optimal Responses to Signals", 1974, JET
  • Market Signaling, 1974
  • "Product Selection, Fixed Costs and Monopolistic Competition", 1976, RES
  • "Non-Linear Prices and Welfare", 1977, JPubE
  • "Entry, Capacity, Investment and Oligopolistic Pricing", 1977, Bell JE
  • "Investment, Strategy and Growth in a New Market", 1979, Bell JE
  • "Notes on Advertising, Economies of Scale and Entry Barriers", 1980, QJE
  • Competition in the Open Economy, with Caves and Porter, 1980
  • Competitive Structure in Investment Banking, with Hayes and Marks, 1983
  • "Cost Reduction an Industry Performance", 1984, Econometrica
  • "Signalling in Retrospect and the Informational Structure of Markets", 2001 [nobel]

 


HET

  • HET Pages: Asymmetric Information: Signalling

 

top1.gif (924 bytes)Top

Resources on Michael Spence

 

 
top1.gif (924 bytes)Top
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

All rights reserved, Gonçalo L. Fonseca