The Royal Swedish Academy of Sciences has awarded The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007 jointly to Leonid Hurwicz, of the University of Minnesota, Eric S.

Auction theory and mechanism design form a cornerstone of economic and computer science research, examining how individuals or entities bid for resources and ensuring that strategic interactions yield ...

NEW YORK — Three U.S. economists, one of them a 90-year-old professor emeritus from Minnesota, will share this year’s Nobel prize in economics for their work on how people’s knowledge and ...

The winners of the 2007 Nobel Memorial Prize in Economics, announced yesterday, are Leonid Hurwicz, Eric Maskin, and Roger Myerson. The three men received the prize for their work on "mechanism design ...

WASHINGTON -- Three U.S. professors won the Nobel Memorial Prize in Economic Science on Monday for their work studying markets and the optimal way to bring together buyers and sellers, research that ...

This year's Nobel Prize in Economics, awarded to a trio of academicians for their work in "mechanism design theory," has everything to do with the way media-related businesses must reinvent themselves ...

Mechanism design and implementation in game theory constitutes a pivotal branch of economic theory and theoretical computer science. This domain examines how rules and processes (mechanisms) may be ...

The Nobel prize for economics has been awarded to three American academics, Leonid Hurwicz, Eric Maskin and Roger Myerson, for their work on mechanism design theory. Despite the abstruse sounding name ...

Subscribe for analysis that goes beyond the noise. I meant to link to this earlier, but over at TAP, the economist John Irons gave a wonderfully clear explanation of “mechanism design theory,” which ...

Two children are squabbling over how to divide a pie. We need a method to divide the pie fairly. Parents will already know one answer—one child cuts and the second child chooses. The second child will ...