The Nobel Prize in economics was awarded Monday to Americans Paul Milgrom, 72, and Robert Wilson, 83, two auction experts whose groundbreaking work has been used in particular for the allocation of telecommunications frequencies.
The “Bank of Sweden Prize in Economics in Memory of Alfred Nobel” was awarded to them for “improving auction theory and inventing new auction formats,” said the jury of the Swedish Academy of Sciences.
The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats.”#NobelPrize pic.twitter.com/tBAblj1xf8
— The Nobel Prize (@NobelPrize) October 12, 2020
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