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 ...

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.

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 ...

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 ...

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 ...