Nobel in Economics and Spectrum Auctions

NOBEL IN ECONOMICS AND SPECTRUM AUCTIONS
[SOURCE: New York Times, AUTHOR: Steve Lohr]
Roger B. Myerson, a professor at the University of Chicago, will share this year's Nobel prize in Economics for theoretical research on the optimal design of auctions. His work has served as intellectual starting point for others in setting up complex auctions like that used by the Federal Communications Commission for selling radio spectrum so that the government collects ample funds but also reserves some of the spectrum for public use and small businesses.
http://www.nytimes.com/2007/10/16/business/16nobel.html?_r=1&ref=todaysp...
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