Buyers & Sellers Maximize Gains

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Americans Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson won the Nobel economics prize Monday for developing a theory that helps explain how sellers and buyers can maximize their gains from a transaction.

The three winners "laid the foundations of mechanism design theory," which plays a central role in contemporary economics and political science…

http://www.nobelprize.org

 

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Here is a Bloomberg link on the winners.