Status: October 12, 2020 12:37 pm

The Nobel Prize in Economics goes to American economists Paul R. Milgrom and Robert B. Wilson. You will be honored for improvements in auction theory and inventions of new auction formats.

American economists Paul R. Milgrom and Robert B. Wilson received the Nobel Prize in Economics this year. This was announced by the Royal Swedish Academy of Sciences. The researchers would be honored for improvements in auction theory and inventions of new auction formats.

This means that all the Nobel prizes for this year have been announced. Those chosen in the categories of medicine, physics, chemistry, literature and peace were announced last week. This time, all the prizes are endowed with SEK 10 million (about 960,000 euros) per category, that is, a million SEK more than in 2019. At that time, the three economists Esther Duflo, Abhijit Banerjee and Michael Kremer were honored for their services in the fight against global poverty. state.

Presentation on December 10

The Nobel Prize in Economics is the only one of the prizes that does not go back to the will of the inventor of dynamite and donor of the Alfred Nobel Prize. Rather, it has been donated by the Central Bank of Sweden since the late 1960s and, strictly speaking, is not considered a classic Nobel Prize. However, it will be awarded along with the other prizes on the anniversary of Nobel’s death, December 10.

This time, the solemn Nobel Prize ceremonies in Stockholm and Oslo will take place on a different and much smaller setting due to the crown pandemic.



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