Technology

The Nobel Prize in Economics was awarded to the Americans Paul R. Milgram and Robert B. Wilson goes to auction for innovation

Stockholm Two American economists won the Nobel Prize on Monday for their research on how the telecom companies receive airwaves from the government, the way Google sells advertising, research that emphasizes the importance of today’s economy. Paul R. of both “Stanford University”. Milgom and Robert b. Wilson’s discovery “has benefited …

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Paul Milgrom and Robert Wilson awarded the Nobel Prize in Economics for their contribution to the theory of auction.

Milgram and Wilson, both professors at Stanford University in California, gained recognition for their theoretical discoveries on how auctions work. According to the Royal Swedish Academy of Sciences, they also created auction structures for goods and services that would be difficult to sell in the traditional way, such as radio …

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