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::: Nobel lecture 2007


Nobel Prize Lecture of the CRC 649 „Economic Risk“ On December 5th at 5 p.m. the Collaborative Research Centre 649 “Economic Risk” and the Society for Economics and Management at Humboldt University Berlin invite to the public lecture “Nobel Prize Lecture 2007: Visions in Business – the Humboldt-Universität zu Berlin explains the ideas of the Nobel prize laureates Leonid Hurwicz, Eric Maskin and Roger Myerson”. The lecture takes place in the Heilig-Geist chapel at the school of business and economics (Spandauer Strasse, Berlin Mitte).

On the occasion of the Nobel Prize awards scientists form the CRC 649 explain the works of Leonid Hurwicz, Eric Maskin and Roger Myerson.

With this lecture the CRC 649 wants contribute to the communication between science and public and to awake the public’s interest in economic topics. The speakers of the CRC 649, Prof. Dr. Wolfgang Härdle (chair of statistics) and Prof. Dr. Lutz Hildebrandt (chair of marketing) are proud to present this event.

Prof. Roland Strausz (Institut for Microeconomic Theory) gives a talk on Hurwicz, Maskin and Myerson. Why are pieces of art such as paintings sold by auction? Why does the bakery next corner not sell bagels via auction but for a fixed price? The mechanism-design theory which was honored with the Nobel Prize this year offers answers to these questions. It analyzes the efficiency of different echange mechanisms and points out that the distribution of information plays a significant role within a society. The theory thus formalizes the idea of Friedrich August von Hayek that the basic problem in an economy lies in the efficient use of information.

Subsequent to the talk Prof. Roland Strausz and Dr. Lydia Mechtenberg (Institute of Microeconomics at TU) and Prof. Franz Hubert (Institute of Business Administration at HU) will lead a sofa discussion to describe the laureates’ works in details. At the end there will be time for questions.

The CRC 649 and the Society for Economics and Management at Humboldt University Berlin are proud to present this event and look forward for positive feedback and hope to make economics understandable with this event.

::: Program

The program of the nobel lecture can be found here( ).
Speaker Title
Prof. Roland Strausz to Hurwicz, Maskin and Myerson
Prof. Michael C. Burda
Talk about the Nobel lecture

::: Impressionen


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