'Auctions Are Everywhere': 2020 Economics Nobel Goes To 2 Americans

NPR

12 Oct 2020 0 shares 1 views

'Auctions Are Everywhere': 2020 Economics Nobel Goes To 2 Americans

NPR

Published 12 Oct 2020

Stanford's Paul Milgrom and Robert Wilson are honored for their "inventions of new auction formats." Auctions are now used to price Internet ads, wholesale electricity and fishing permits.

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The economists won the Nobel Prize in economics for “improvements to auction theory and inventions of new auction formats”.

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'Auctions Are Everywhere': 2020 Economics Nobel Goes To 2 Americans

'Auctions Are Everywhere': 2020 Economics Nobel Goes To 2 Americans

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