Nobel Prize 2020 in Economic Sciences awarded to Paul Milgrom and Robert Wilson for ‘improvements to auction theory’
This year’s Laureates, Paul Milgrom and Robert Wilson, have studied how auctions work. They have also used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies. Their discoveries have benefitted sellers, buyers, and taxpayers around the world.
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