Allais

Outside of the economics profession Allais is perhaps best known for his studies of decision-making under risk and what is generally known as the Allais paradox.

The Prize in Economics 1988 - Presentation Speech 1992

By his links to an older French tradition in economic research, Maurice Allais is the most prominent figure in modern economic research in France as regards basic theory and applications to public-sector planning.

The Prize in Economics 1988 - Press Release 1988

A special feature of Allais 'work is that he describes the economy's path to equilibrium as a process by which competition removes all "surpluses" in firms.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010

Indeed, there are a number of exceptions of Prizewinners who have received quite few nominations and who also rank quite low in citation indices, pronounced examples being Kantorovich, Stone, Haavelmo, Allais, Meade and Ohlin (though the Heckscher-Ohlin model is frequently referred to in the literature).

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010

Allais 'analysis also covers the case where returns to scale in production give rise to natural monopolies.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010

Maurice Allais 'contributions, made largely in the 1940s, have great similarities both with Paul Samuelson's (contemporaneous) work and Arrow's and Debreu's (later) contributions.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010

This is an empirical assumption that turns out to be false (see Allais, Ellsberg, Kahneman, Tversky.)

Worrying About Demand, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Allais (1988) "for his pioneering contributions to the theory of markets and efficient utilization of resources."

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010

I'd like you to know however that the reason I decided to get my Economics PhD and that I find it so stimulating is that I was introduced to the work of Kahneman and Tversky and Allais and others and it really struck a chord with me.

Worrying About Demand, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Prizes have been awarded for a specific contribution (such as new analytical methods in finance and econometrics), two or several specific contributions (such as the Prizes to Friedman and Modigliani) and for life-time contributions (such as the Prize to Samuelson, Kuznetz and Allais).

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010