Economics Nobel goes to research on bidding: why is it important? | Oneindia News
Economics Nobel goes to research on bidding: why is it important? | Oneindia News

The 2020 Nobel Prize in Economic Sciences has been awarded to Paul R.

Milgrom and Robert B.

Wilson “for improvements to auction theory and inventions of new auction formats." Why is it important to have a theory on auctions?

Watch the video for more.

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