While Abhijit Vinayak Banerjee and Esther Duflo collaborated to bring out greater synergy between theory and practice of policy intervention, Michael...

While William Dawbney Nordhaus incorporated climate change in economic models and emphasised on cooperative multinational policies for tackling the...

Richard H Thaler developed Herbert Simon’s concept of bounded rationality to recognise cognitive biases in decision making, apart from assessing the...

Angus Deaton is known for extensively analysing data around individual consumer choices, and linking it with aggregate consumption, to shape policies...

Building upon the concepts regulating monopolies and oligopolies, Jean Tirole used game theory and industrial organisation to present a general theory...

While Eugene Francis Fama attributed the difficulty in short-run predictions to efficient markets and Robert James Shiller contradicted him by holding...

While the prolific game theorist Lloyd Stowell Shapley laid out the theoretical ground in the form of Gale-Shapley algorithm, Alvin Elliot Roth...

Analysing the effects of external shocks on macroeconomy, Thomas John Sargent factored in rational expectations and their impact, while Christopher...

Diamond, Mortensen and Pissarides formulated a theoretical framework for search markets in which buyers and sellers do not always make contact with...

While Elinor Ostrom dealt with overcoming collective action dilemmas in managing natural resources, Oliver Eaton Williamson is well-known for building...

Taking cue from the growing intra-industry trade, Paul Robin Krugman incorporated economies of scale and consumers’ preference for diverse goods to...

While Leonid ‘Leo’ Hurwicz gave the theory of incentive compatibility in mechanism design, Eric Stark Maskin and Roger Bruce Myerson extended his work...