James Mirrlees, the 1996 Nobel Prize winner in economics, will participate in a panel discussion on the economics of "obnoxious markets," Wednesday, Oct. 17, at 3:30 p.m. in 401 Warren Hall on campus.
Mirrlees, professor of political economy at the University of Cambridge, is known for his theories on balancing the equity and efficiency aspects of taxation.
He will join the panel discussion with Cornell faculty members Deborah Streeter, the B.F. Failing Sr. Professor in applied economics and management (AEM); Nancy Chau, assistant professor of AEM; and Ravi Kanbur, the Lee Teng Hui Professor of World Affairs. The panel will be chaired by Andrew Novakovic, Cornell's E.V. Baker Professor of Agricultural Economics.
Obnoxious markets can involve arms traders, drug dealers and markets dealing with toxic waste or child labor, for instance.
Mirrlees also will present a technical seminar, "Prizes and Creativity," Oct. 18 at 4 p.m. in B-45 Warren Hall.
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