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STOCKHOLM: The third of six Nobel prizes was presented Tuesday to Briton James Mirrlees and American William Vickrey for their work in economic theory. The two men did ground-breaking writing on"asymetric information," a condition which occurs when buyer and seller have differing information about a transaction. The condition has broad implications in analyzing systems from insurance and credit markets to taxation schemes. Mirrlees used the theory to study how high to set income taxes without discouraging workers and investors or encouraging tax evasion. Karl Gustaf Loefgren, a member of the Swedish Academy of Sciences, called...

Author: /time Magazine | Title: Economic Nobel For "Asymetric Information" | 10/8/1996 | See Source »

Noted animal lover and even more noted man lover BRIGITTE BARDOT, 62, has written a breathless memoir. It might almost be a best seller if one copy were bought by each ex-amour named in it. Many of them, however, won't much like what they read. It's not just her dissatisfaction with men. Initiales B.B. has plenty of Bardot's far-right, anti-immigration politics too. But as she is being sued by a leading French antiracism organization for "provoking racial hatred" in recent interviews, maybe she should take the advice of one newspaper headline: B.B., SHUT...

Author: /time Magazine | Title: People, Oct. 7, 1996 | 10/7/1996 | See Source »

...paying $45 a pop to attend Rules seminars and forking over $250 an hour for phone consultations with authors Ellen Fein and Sherrie Schneider--neither of whom is a credentialed anything. In Hollywood, where last week the book hit No. 1 on the Los Angeles Times paperback best-seller list, producer Wendy Finerman (Forrest Gump) has optioned movie rights to The Rules...

Author: /time Magazine | Title: PLAYING HARD TO GET | 9/30/1996 | See Source »

ALANIS MORISSETTE Her Jagged Little Pill has tied Whitney Houston's 1985 album as the top seller by a woman...

Author: /time Magazine | Title: Notebook: Sep. 23, 1996 | 9/23/1996 | See Source »

...once inside the building itself, an oceanside edifice designed by I.M. Pei, the atmosphere changes. You examine a series of photographs of the Kennedy clan, realize that Kennedy's senior thesis on British politics became a best-seller, watch an understated 17-minute film about his life through 1960, and then enter the main hall, which showcases mementos, TV footage and documents from July 1960 to November 22, 1963, when Kennedy died...

Author: By Sarah J. Schaffer, | Title: Kennedy: Goals 1960 | 9/20/1996 | See Source »

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