Michael Spence receives a share of the 2001 Prize in Economic Sciences for analysing markets with unequal information. His theory of job-market signalling demonstrated how education or other costly signals can convey hidden qualities to employers, even when information cannot be observed directly.
The World History Database · Nobel archive
Michael Spence
Nobel Prize history for Michael Spence 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.