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 ...

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 ...

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 ...

Americans Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson won the Nobel prize in economics on Monday for developing a theory that helps explain situations in which markets work and others in which ...

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 ...

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 ...