time dependence into macroeconomics and a common information theoretic basis for economics and other fields seeking to link …

theory, and pricing. His work focused on the economics of asymmetric and private information. Critics of Vickrey's full … and 1996 Nobel-laureate in Economics. In choosing Vickrey for the Nobel prize, the Royal Swedish Academy of Sciences notes … Vickrey's fundamental contributions to the economic theory of incentives, which he applied to the areas of taxation, auction …

with the idea of financial crises in its models. In the stylized world of macroeconomic theory, crises are not an inherent …