Nobel Prize for Economics awarded to Paul Milgrom and Robert Wilson

Nobel Prize for Economics awarded to Paul Milgrom and Robert Wilson

American economists lauded for work on auction theory





























The Nobel Prize for Economics committee announces US economists Paul Milgrom and Robert Wilson as the joint winners of this year's award. AFP





















Oct 12, 2020



October 12, 2020













The Nobel Prize in Economics has been awarded to Americans Paul Milgrom and Robert Wilson for improvements to auction theory and inventions of new auction formats.



"They have 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,“ the Royal Swedish Academy of Sciences