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Every year the CES council awards a prize to an inter- nationally renowned and innovative economist for out- standing contributions to economic research. The scholar is honored with the title ‘‘Distinguished CES Fellow’’ and is invited to give the ‘‘Munich Lectures in Economics.’’ | Taxation Incomplete Markets AND Social Security Munich Lectures in Economics Taxation Incomplete Markets and Social Security Munich Lectures in Economics Edited by Hans-Werner Sinn The Making of Economic Policy A Transaction Cost Politics Perspective by Avinash Dixit 1996 The Economic Consequences of Rolling Back the Welfare State by A. B. Atkinson 1999 Competition in Telecommunications by Jean-Jacques Laffont and Jean Tirole 2000 In cooperation with the council of the Center for Economic Studies of the University of Munich Martin Beckman David F. Bradford Gebhard Flaig Otto Gandenberger Franz Gehrels Martin Hellwig Bernd Huber Mervyn King John Komlos Richard Musgrave Ray Rees Bernd Rudolph Agnar Sandmo Karlhans Sauernheimer Klaus Schmidt Hans Schneeweiss Robert Solow Joseph E. Stiglitz Wolfgang Wiegard Charles .