In fact, experts say the theory explains why a version called a double auction is often the best way to trade. In a double auction, buyers and sellers both make price bids. The Swedish academy says the theory also explains why there is often no good market solution to providing some goods, like uncrowded roads.

事实上，专家们表示该理论所解释的何为“双向拍卖”对交易来说通常是最好的一种方法。在“双向拍卖”中，买卖双方都提交投标价。瑞典学院指出，该理论也解释了为什么某些商品通常没有提供好的市场解决方案，比如，不拥挤的道路(??)

Mechanism design theory is part of the wider economic idea of game theory and it has many uses -- including in political science.  Roger Myerson even built a mathematical model for elections. He found a voting system that he says would have helped Florida avoid its problems in the two thousand presidential election.

“机制设计理论”是更为广泛的博弈经济学理论的一部分，它可以用于许多方面，包括政治学领域。Roger Myerson甚至为选举也设计过一个数学模式，他还发明了一个投票系统，该系统可以帮助弗罗里达州避免出现2000年总统大选中出现的问题。

The Nobel Prize award ceremonies will take place on December 10th. The official name of the economic award is the (Sveriges Riksbank) Prize in Economic Sciences in Memory of Alfred Nobel. The Swedish central bank created the prize in 1968.

诺贝尔奖颁发典礼将于12月10日举行。诺贝尔经济学奖的正式名称是“纪念Alfred Nobel瑞典银行经济科学奖”，由瑞典中央银行于1968年设立。

(Leo Hurwicz) was born in Russia in 1917. He developed new ways to understand markets. He began his work after World War Ⅱ. At 90 years old, he is the oldest person ever to win a Nobel Prize.

Leo Hurwicz于1917年出生于俄罗斯，对于如何了解市场，他逐步提出了新的方法。他是在二战后开始他的研究的。在90岁时，他成为诺贝尔奖设立以来年龄最大的获奖者。

posted on 2007-10-25 10:26 echo 阅读(18) 评论(0)  编辑  收藏 网摘收藏