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The paper explores cheaper options, including a single taper rate for all benefits; a single working-age benefit, replacing all others and non-meanstested for the first 12 weeks; and the so-called Mirrlees model, which streamlines family credits and benefits into a new
This is Money | Home 2010
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Mirrlees and William Vickrey (award in 1996) made pioneering work about the consequences of various limitations in information of individuals, including "information asymmetries" among economic agents.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010
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Other important roots of the theory of mechanism design are James Mirrlees 'optimization analysis and William Vickrey's analysis of auction markets.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010
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Total government spending over those 10 years rose by 182%Looking at reports on taxation like the Mirrlees Review, we can say definitively that Ireland's taxation policy strayed from accepted best practice.
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Hence, Harsanyi gave an important impetus to further development in the field of information economics, after the pioneering work of Stigler, Vickrey and Mirrlees.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010
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A number of authors, in particular, Roger Myerson and Eric Maskin, have generalized and developed the insights of Hurwicz, Mirrlees and Vickrey.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010
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NOBEL-WINNING ECONOMISTS BY ITALY'S LAKE ISEO Robert Engle (2003 winner), Christopher Pissarides (2010) and James Mirrlees (1996) will speak on "An Era of Macro and Micro Frictions"—issues facing asset managers, the labor market and younger generations.
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Mirrlees also did fundamental work on the consequences for taxation of asymmetric information between the government and private agents.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010
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One suggestion is to bring in the kind of flat rate of property tax for the whole country that Sir James Mirrlees proposed last year in his review of the tax system.
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The shared Prizes in the theory of information economics to Vickrey and Mirrlees, the shared prize in economic psychology and experimental economics to Kahneman and Smith, and the shared price in game theory to Aumann and Schelling were of a similar nature.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010
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