Is Michael Spence a Nobel laureate?
Yes
No
He was nominated but did not win
He declined the award
Answer
Yes, Michael Spence is indeed a Nobel laureate. Notably, he received the prestigious Nobel Prize in Economic Sciences in 2001. Along with George Akerlof and Joseph E. Stiglitz, Spence was widely recognized for their profound analyses of markets with asymmetric information, shedding light on intricate economic scenarios influenced by incomplete or unevenly distributed information among market participants.
Mastering Economics: The Michael Spence Quiz
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