The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007
Leonid Hurwicz, Eric S. Maskin, Roger B. Myerson
Roger B. Myerson
Born: 29 March 1951, Boston, MA, USA
Affiliation at the time of the award: University of Chicago, Chicago, IL, USA
Prize motivation: "for having laid the foundations of mechanism design theory"
Contribution: In the 1970s, the formulation of the "revelation principle" (a way of simplifying the search for a feasible mechanism) and implementation theory led to great advances of mechanism design. He developed this principle to perfection and pioneered its application to economic problems such as auctions and regulations.