Publication:
Joseph E. Stiglitz

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dc.contributor.authorHoff, Karla
dc.date.accessioned2012-05-25T20:56:48Z
dc.date.available2012-05-25T20:56:48Z
dc.date.issued2008-01
dc.description.abstractJoseph E. Stiglitz, 2001 Nobel Laureate in Economics, helped create the theory of markets with asymmetric information and was one of the founders of modern development economics. He played a leading role in an intellectual revolution that changed the characterization of a market economy. In the new paradigm, the price system only imperfectly solves the information problem of scarcity because of the many other information problems that arise in the economy: the selection over hidden characteristics, the provision of incentives for hidden behaviors and for innovation, and the coordination of choices over institutions.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/01/8943669/joseph-e-stiglitz
dc.identifier.doi10.1596/1813-9450-4478
dc.identifier.urihttps://hdl.handle.net/10986/6477
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4478
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADVERSE SELECTION
dc.subjectAGENCY PROBLEMS
dc.subjectAGGLOMERATION EFFECTS
dc.subjectAGRICULTURE
dc.subjectASYMMETRIC INFORMATION
dc.subjectASYMMETRIES OF INFORMATION
dc.subjectAVERAGE COSTS
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectBANKRUPTCY
dc.subjectBANKS
dc.subjectBENCHMARK
dc.subjectBEST PRACTICES
dc.subjectBID
dc.subjectBUSINESS CYCLES
dc.subjectBUYERS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMPETITIVE ECONOMY
dc.subjectCOMPETITIVE EQUILIBRIUM
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONSUMER
dc.subjectCONSUMER CHOICE
dc.subjectCONSUMERS
dc.subjectCONTRIBUTION
dc.subjectCONTRIBUTIONS
dc.subjectCOORDINATION FAILURES
dc.subjectCORPORATE GOVERNANCE
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RATIONING
dc.subjectDAMAGES
dc.subjectDEBT
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDIMINISHING RETURNS
dc.subjectDISEQUILIBRIUM
dc.subjectDISTRIBUTION OF WEALTH
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CRISES
dc.subjectECONOMIC GEOGRAPHY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INEFFICIENCIES
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC RENTS
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS
dc.subjectECONOMICS OF INFORMATION
dc.subjectEFFICIENT MARKETS
dc.subjectEFFICIENT MARKETS THEORY
dc.subjectEFFICIENT OUTCOMES
dc.subjectEQUILIBRIUM PRICES
dc.subjectEQUILIBRIUM UNEMPLOYMENT
dc.subjectEQUITY MARKETS
dc.subjectEXPECTED RETURN
dc.subjectEXTERNALITIES
dc.subjectEXTERNALITY
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL SUPPORT
dc.subjectFOREIGN DEBTS
dc.subjectFOREIGN INVESTORS
dc.subjectFREE CAPITAL
dc.subjectGAME THEORY
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGROWTH THEORY
dc.subjectHIDDEN ACTIONS
dc.subjectHOLDING
dc.subjectHOMEOWNERSHIP
dc.subjectIMPERFECT INFORMATION
dc.subjectINCENTIVE PROBLEMS
dc.subjectINCOME
dc.subjectINCOMES
dc.subjectINCOMPLETE MARKETS
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINDIFFERENCE CURVES
dc.subjectINEFFICIENCY
dc.subjectINFLATION
dc.subjectINFORMATIONAL IMPERFECTIONS
dc.subjectINNOVATION
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE FIRMS
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE POLICIES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT DECISIONS
dc.subjectJOB LOSS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOUR
dc.subjectLACK OF TRANSPARENCY
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLOAN
dc.subjectLOAN APPLICATIONS
dc.subjectLOW-INCOME
dc.subjectMACROECONOMIC FLUCTUATIONS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMICS
dc.subjectMARGINAL COST
dc.subjectMARKET ECONOMIES
dc.subjectMARKET ECONOMY
dc.subjectMARKET EQUILIBRIUM
dc.subjectMARKET FAILURE
dc.subjectMARKET FAILURES
dc.subjectMARKET MECHANISM
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PRICES
dc.subjectMATHEMATICS
dc.subjectMEDICAL CARE
dc.subjectMISSING MARKET
dc.subjectMISSING MARKETS
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMONITORING COSTS
dc.subjectMONOPOLISTIC COMPETITION
dc.subjectMORAL HAZARD
dc.subjectMULTIPLE EQUILIBRIA
dc.subjectMULTIPLIER EFFECTS
dc.subjectNET WORTH
dc.subjectOPTIMAL CONTRACT
dc.subjectPARETO EFFICIENCY
dc.subjectPECUNIARY EXTERNALITIES
dc.subjectPER CAPITA INCOME
dc.subjectPERFECT INFORMATION
dc.subjectPERFECT MARKETS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTITUTIONS
dc.subjectPORTFOLIOS
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE PROPERTY
dc.subjectPROBABILITY
dc.subjectPRODUCTIVITY
dc.subjectPROVISION OF INFORMATION
dc.subjectPUBLIC ECONOMICS
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC GOODS
dc.subjectPURCHASES
dc.subjectRECESSION
dc.subjectRENTS
dc.subjectRISK MARKETS
dc.subjectRISK SHARING
dc.subjectRISK-AVERSE INDIVIDUALS
dc.subjectRISKY ASSETS
dc.subjectRULE OF LAW
dc.subjectSAVINGS
dc.subjectSEARCH COSTS
dc.subjectSENIOR
dc.subjectSTOCK MARKET
dc.subjectTAX
dc.subjectTAXATION
dc.subjectTRANSACTION
dc.subjectTRANSITION COUNTRIES
dc.subjectTREASURY
dc.subjectUNEMPLOYMENT
dc.subjectUTILITY FUNCTION
dc.subjectVALUABLE
dc.subjectWAGE
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWELFARE ECONOMICS
dc.titleJoseph E. Stiglitzen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleJoseph E. Stiglitz
okr.date.doiregistration2025-04-10T12:26:10.007464Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2008/01/8943669/joseph-e-stiglitz
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.guid841171468338678073
okr.identifier.doi10.1596/1813-9450-4478
okr.identifier.externaldocumentum000158349_20080115154243
okr.identifier.internaldocumentum8943669
okr.identifier.reportWPS4478
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/01/15/000158349_20080115154243/Rendered/PDF/wps4478.pdfen
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicSocial Protections and Labor::Labor Policies
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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