Andrew Michael Spence (1943- )
Awarded the Prize “for his analyses of markets with asymmetric information.”Andrew Michael Spence is an American Economist. He was born on 7 November 1943 at Montclair of New Jersey, USA. He was graduated from Princeton University in 1966 gained his in 1968 Ph.D. in 1972 at Harvard University. Spence is a former Dean of the Stanford Graduate School of Business is presently the Chairman of the Commission on Growth Development.
Major Works:
Market Signaling: Informational Transfer in Hiring Related Screening Processes (1974)