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Who is Joseph E. Stiglitz in relation to Michael Spence's work?

  • A co-author on all his books

  • A competitor in his field

  • A co-recipient of the Nobel Memorial Prize in Economic Sciences

  • His student at Stanford

Answer

Michael Spence was awarded the Nobel Memorial Prize in Economic Sciences, which honored his work on the economics of information (asymmetry). Joseph E. Stiglitz became a co-recipient for his groundbreaking analysis of markets with asymmetric information.
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