Economics Professor Robert Wilson Honored With the BBVA Foundation 2016 Frontiers of Knowledge Award

His research on market design, pricing, negotiation, and related topics concerning industrial organization and information economics broke new ground.

February 16, 2016

 

Image

Robert Wilson | Nancy Rothstein Photography

The BBVA Foundation honored Robert Wilson, the Adams Distinguished Professor of Management, Emeritus, with the 2016 Frontiers of Knowledge Award in Economics, Finance, and Management, citing “his pioneering contributions to the analysis of strategic interactions when economic agents have limited and imperfect information about their environment.”

According to the award’s international jury, chaired by Nobel laureate Erik S. Maskin, “His research on auctions, electricity pricing, reputation, and dynamic interactions under such informational circumstances was groundbreaking and pervades economic analysis to this day.”

Wilson has devoted his career to addressing one of the key questions of modern economic sciences: how to get stakeholders with imperfect, asymmetric information to cooperate with each other. He found that in situations of informational inequality, agents should build reputations that will foster cooperation.

A 400,000-euro award accompanied the prize.

 

For media inquiries, visit the Newsroom.

Explore More

January 24, 2023
Video
“Our mission is to drive massive action across whole portfolios of buildings all over the world.”
Brenden Millstein smiling and looking off camera.

January 19, 2023
Written
Six alumni reflect on a difficult time in their careers.
Rocky Widner/NBAE via Getty Images

January 12, 2023
Written
Students and graduates leveraged a strong job market to find roles that matched their skills and passions.
A female student in a headscarf sitting in Arbuckle Dining Hall on Stanford GSB campus, working on her laptop. Photo by Elena Zhukova