US Auction Theorists Win Nobel Prize In Economics

Two U.S. auction theorists have won the Nobel Prize in Economic Sciences. Announcing the news on Monday, The Royal Swedish Academy of Sciences said it decided to award Stanford University game theorists Paul R. Milgrom and Robert B. Wilson "for improvements to auction theory and inventions of new auction formats". Milgrom, 72, is currently Professor of Humanities and Sciences, Stanford Universi