Nobel Economics Prize 2020 goes to Paul R Milgrom and Robert B Wilson for auction theory

Nobel Economics Prize 2020 goes to Paul R Milgrom and Robert B Wilson for auction theory

New Delhi: Paul R. Milgrom and Robert B. Wilson are awarded the 2020 Nobel prize in Economic Sciences for “improvements to auction theory and inventions of latest auction formats.”

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Nobel Prize Committee took to Twitter to announce the winner: “The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Nobel has been awarded to Paul R. Milgrom and Robert B. Wilson ‘for improvements to auction theory and inventions of latest auction formats’

“Their discoveries have benefitted sellers, buyers, and taxpayers around the world,” the prize committee said during a press release.

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