Nobel Prize 2020 – The Nobel Prize in Economics goes to Paul Milgrom and Robert Wilson – News

• The Nobel Prize in Economics goes to Americans Paul R. Milgrom and Robert B. Wilson for improvements in auction theory and inventions of new auction formats.
• This was announced by the Royal Swedish Academy of Sciences in Stockholm.

The award is endowed with SEK 10 million (about CHF 1,022 million) per category, which is SEK 1 million more than the previous year. At the time, the business award went to economists Esther Duflo, Abhijit Banerjee and Michael Kremer, who were honored for their services in fighting global poverty.

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. It has been donated by the Swedish Reichsbank since the late 1960s and is therefore not, strictly speaking, a classic Nobel Prize. However, it will be awarded along with the other prizes on the anniversary of Nobel’s death, December 10.