Below is a list of the prizewinners during the period 1991 - 1995 with a description of the works which won them their prizes:(1991) R H COASE - for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy; (1992) G S BECKER - for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour; (1993) R W FOGEL & D C NORTH - for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change; (1994) J C HARSANYI, J F NASH & R SELTEN - for their pioneering analysis of equilibria in the theory of non-cooperative games; (1995) R E LUCAS - for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy.

Book Information
ISBN 9789810230609
Author Torsten Persson
Format Paperback
Page Count 280
Imprint World Scientific Publishing Co Pte Ltd
Publisher World Scientific Publishing Co Pte Ltd