Two children are squabbling over how to divide a pie. We need a method to divide the pie fairly. Parents will already know one answer—one child cuts and the second child chooses. The second child will ...

The Royal Swedish Academy of Sciences has awarded The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007 jointly to Leonid Hurwicz, of the University of Minnesota, Eric S.

To meet the demands of ultra-precision positioning and scanning, a series of precision positioning mechanisms have been developed recently at Queensgate Instruments, which combines Queensgate’s ...

The industry can draw lessons from other manufacturing segments that use standardization as a key foundation for their system design and manufacturing philosophy. The pandemic fueled demand for other ...

I propose a new mechanism design approach to the problem of ranking standard auctions with two heterogeneous bidders. A key feature of the approach is that it may be possible to rank two auctions even ...

The integration mechanism in a matrix organizational design has four components. Standardization makes organizational units operate the same way. Regulations formalize how to take action. Common goals ...