Word: hurwiczã
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...Hurwicz, who at the time was pioneering the new field of mechanism design theory. At 90, Hurwicz is the oldest Nobel laureate in history. Maskin and Myerson took several classes together while pursuing their PhDs in applied mathematics at Harvard. As graduate students, they began to refine and extend Hurwicz??€™s work, applying it to practical schemes such as the regulation of markets and auctions. Professor of Economics Susan C. Athey, an economic theorist who specializes in industrial organization, says that the theories of both Myerson and Maskin have contributed substantially to her own work on auctions. Athey...
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