Re: [Goanet] Dividing the Pie

2007-10-18 Thread Vidyadhar Gadgil
> From: Mervyn Lobo <[EMAIL PROTECTED]> > Subject: [Goanet] Dividing the Pie > > Explained simply: To ensure that limited resources are divided > equally, one person cuts the pie and the second person gets the first > choice of the pieces. > > I was still pondering

[Goanet] Dividing the Pie

2007-10-18 Thread Mervyn Lobo
Folks, Apparently the winners of this years Nobel price for economics won because of their explanation for "mechanism design theory." Explained simply: To ensure that limited resources are divided equally, one person cuts the pie and the second person gets the first choice of the pieces. I w