March 4, 2003
Nobel Economist Vernon Smith Presents the 2003 Maxon
Nobel Prize-winning economist Vernon Smith presented this years
Robert P. Maxon Lecture on Markets, Globalization, and Prosperity,
Smith, a professor of economics at George Mason University, won the
2002 Nobel Prize in economics for his accomplishments in the field of
experimental economics. Smith has developed an array of experimental
methods, setting standards for reliable laboratory experiments in economics.
In his own experimental work, he has demonstrated the importance of
alternative market institutions, such as how the revenue expected by
a seller depends on the choice of auction method.
The Maxon Lectureship was established through Dorothy Maxons endowment
in honor of Robert P. Maxon (BA 48).
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