Scientific review article
Autor: Svetlana Pantelić
Summary: The Nobel Prize in Economics for 1996 was awarded to James A. Mirrlees (1936, Minnigaff, Scotland) and William Vickrey (1914-1996, Victoria, Canada), for their fundamental contribution to the economic theory of incentives under asymmetric information. They have been considered applied theoreticians interested in the economic theory only as a means for better understanding of important issues in the economic policy.