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Americans' Theory for Maximizing Gains Wins Nobel

By Jim Zarroli, Melissa Block

Published October 15, 2007 at 1:00 PM PDT

This story was published more than 17 years ago.

The Nobel Prize for economics has been awarded to three Americans. Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson are credited with developing a theory that helps explain how sellers and buyers can maximize their gains from a transaction.

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Jim Zarroli

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.

Melissa Block

As special correspondent and guest host of NPR's news programs, Melissa Block brings her signature combination of warmth and incisive reporting. Her work over the decades has earned her journalism's highest honors, and has made her one of NPR's most familiar and beloved voices.

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