Tag Archives: Nobel Prize in Economics

Explained: Auction Economics – What is it?

Written by Udit Misra | New Delhi | Updated: October 14, 2020 9:32:11 am Robert Wilson, left, and Paul Milgrom wear masks while posing for a photo in Stanford, California (Andrew Brodhead / Stanford News Service via AP) On Monday, the Royal Swedish Academy of Sciences awarded this year’s Sveriges …

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The Nobel Prize in Economics goes to Paul R. Milgrom, Robert B. Wilson for their work on auction theory

This year’s economics honorees, Paul Milgrom and Robert Wilson, have improved auction theory and invented new auction formats, benefiting sellers, buyers and taxpayers around the world, ”said the academy. The 2020 Sveriges Riksbank Prize in Economics in Memory of Alfred Nobel has been awarded to Paul R. Milgrom and Robert …

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