Prof. Roger Myerson (University of Chicago), Nobel Prize 2007 Econometric...(More)

Prof. Roger Myerson (University of Chicago), Nobel Prize 2007 Econometric Society Presidential Address: "Understanding the Foundations of Institutions: Moral Hazard in High Office" In his Econometrics Society presidential address, Nobel Laureate Prof. Roger Myerson speaks about moral hazard in high office and the complex relationship between leaders and the officials in charge of managing their interests. Prof. Myerson discusses the relevance of the 'scarcity of trust' and the different ...(Less)