The Royal Swedish Academy of Sciences has outflanked the bettors again by awarding this year's Sverige Riksbanks Prize in Economic Sciences in memory of Alfred Nobel (aka Nobel prize in economics) to three scholars whose names I did not encounter in the educated guesses about the probable winners. The award is for "having laid the foundations of mechanism design theory". To my mind, this refers to their individual contributions to the development of theories and techniques that apply in trying to design instituions that perform economic roles. The press release here expalins their reasoning in full.
Congratulations to Leonid Hurwicz, Eric Maskin and Roger Myerson.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment