For having laid the foundations of mechanism design theory
Affiliation at the time of Award
University of Chicago, USA.
1 In the1970s, the formulation of the “Revelation Principle” 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
1 Game Theory: Analysis of conflict (1991)
2 Probability models for economic decisions (2005)