Read more mechanism design theory stories on Newserhttp://www.newser.com/taggrid/14979/mechanism-design-theory.htmlhttp://img1-cdn.newser.com/images/newser-black250x40.gifhttp://www.newser.com/2012 - Newseren-usNewser Feed GeneratorWed, 23 May 2012 04:15:05 CDThttp://www.newser.com/story/9519/3-americans-share-nobel-in-economics.htmlLucas Laursen<img src='http://img1-cdn.newser.com/getimage.aspx?mediaid=36076&width=45&height=45&crop=Y&updateddate=20110401031042' border='0' />Americans Leonid Hurwicz, Eric Maskin, and Roger Myerson have won this year’s Nobel Prize in economics for developing "mechanism design theory," which indicates when markets are working effectively, Reuters reports. The theory can be used to assess the factors which make individuals and corporations deviate from the ideal market suggested...Handout picture made available by the Nobel award organizers of Americans Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson who won the Nobel Memorial Prize in Economic Sciences on Monday Oct. 15, 2007 for developing a theory that helps explain situations in which markets work and others in which they don't. (AP Photo)http://www.newser.com/story/9519/3-americans-share-nobel-in-economics.htmlMon, 15 Oct 2007 08:06:11 CDT