George Akerlof shares the economic sciences prize for research on markets with asymmetric information. His model of the market for lemons explained why uncertainty about quality can undermine otherwise mutually beneficial trades.
The World History Database · Nobel archive
George Arthur Akerlof
Nobel Prize history for George Arthur Akerlof based on the award records stored in the World History Database.
1Recorded awards
United States of AmericaCountry as recorded
Recorded Nobel Prize awards
1 distinct award entry or entries in the World History Database.
Other recipients in the same prize year and category
These pages index Nobel-related award records in the World History Database. Coverage and historical spellings reflect the stored records and may be incomplete. For the official award register and prize citations, consult NobelPrize.org.