From Hurwicz to the Multi-Item Frontier

The Prompt

Explain the arc of mechanism design from Hurwicz's 1960 foundations through Myerson's 1981 optimal auction theorem to the current frontier of multi-item mechanism design. State what Myerson solved, what the VCG mechanism achieves, and why the multi-item problem remains open. Cite Hurwicz, Myerson, and at least one paper on multi-item complexity (Daskalakis, Hart and Nisan, or another).

Completion Criteria

A short essay of three or four paragraphs covering the three eras, with at least three citations and a clear statement of what remains unsolved.

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