The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007
Born: 21 August 1917, Moscow, Russia
Died: 24 June 2008, Minneapolis, MN, USA
Affiliation at the time of the award: University of Minnesota, Minneapolis, MN, USA
Prize motivation: "for having laid the foundations of mechanism design theory."
Contribution: The pioneer in the field of mechanism design. Formulated a general mathematical framework for analyzing institutions implementing collective decision making.
Prize share: 1/3
Their work and discoveries range from the formation of black holes and genetic scissors to efforts to combat hunger and develop new auction formats.
See them all presented here.