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Spence ist Professor an der Harvard University (Graduate School of Business), vorher war er an der Stanford University (1990–1999). Er ist Mitbegründer des Ende Oktober 2009 gegründeten Institute for New Economic Thinking (INET), um neue Denkansätze für die Volkswirtschaftslehre zu entwickeln.
Andrew Michael Spence (born November 7, 1943) is a Canadian-American economist and Nobel laureate. Spence is the William R. Berkley Professor in Economics and Business at the Stern School of Business at New York University, and the Philip H. Knight Professor of Management, Emeritus, and Dean, Emeritus, at the Stanford Graduate School ...
A. Michael Spence is a Nobel laureate in economics and the Philip H. Knight Professor and Dean Emeritus at Stanford Graduate School of Business. He is also the chairman of the Commission on Growth and Development and the author of several books and articles on economic growth and development.
Biographical. I was born during the second World War in Montclair New Jersey. This was more or less an accident (the location that is). My father was based in Ottawa as a member of the War Time Prices and Trades Board, the Canadian version of wartime price controls.
Through his research on markets with asymmetric information, Michael Spence developed the theory of “signaling” to show hos better-informed individuals in the market communicate their information to the less well informed to avoid the problems with adverse selection.
9. Aug. 2021 · Michael Spence is an economist who won the Nobel Prize in 2001 for his theory of market signaling. Spence is most well known for his theory of market signaling under conditions of asymmetric...
25. Apr. 2024 · A. Michael Spence (born 1943, Montclair, New Jersey, U.S.) is an American economist who, with George A. Akerlof and Joseph E. Stiglitz, won the Nobel Prize for Economics in 2001 for laying the foundations for the theory of markets with asymmetric information.
