October 26, 2007

3 Americans Win Nobel Prize in Economics

By DAVID GLENN

Scholars are honored for analyses and designs of auctions and other mechanisms for allocating goods

This year's Nobel Memorial Prize in Economic Science will be awarded to three scholars who have developed tools for analyzing and designing auctions, voting systems, and other methods of allocating scarce goods.

The winners are Leonid Hurwicz, 90, a professor emeritus of economics at the University of Minnesota-Twin Cities; Eric S. Maskin, 56, a professor of social science at the

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