Paul Milgrom (left) and Robert Wilson share the 2020 Nobel prize in economic sciences for improvements to auction theory and invention of new auction formats. Credit: Elena Zhukova for the Stanford Graduate School of Business
The 2020 Nobel prize in economic sciences rewards work on an ancient form of transaction that has acquired new complexity and urgency in the modern age: the auction.
Insights in auction theory made by Paul Milgrom and Robert Wilson, both of Stanford University in California, have found applications ranging from the pricing of government bonds to the licensing of radio-spectrum bands in telecommunications.
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The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report , which presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups and in many individual countries. The WEO is released in April and September/October each year.
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Two American Professors Win Nobel Prize In Economics : NPR
Stanford University professors Paul Milgrom and Robert Wilson won the 2020 Nobel Memorial Prize in Economic Sciences for their work in understanding and designing auctions.
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When you hear the word auction, you might think of a cattle barn or an art gallery. But auctions are now used to selling everything from Internet search ads to carbon pollution credits. Two Stanford professors were awarded the Nobel Prize in economics today for research on designing better auctions. NPR's Scott Horsley reports.
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Happening on Twitter
Breaking News: The Nobel in economic science was jointly awarded to the U.S. economists Paul R. Milgrom and Robert… https://t.co/CEGF6sD1z3 nytimes (from New York City) Mon Oct 12 10:01:08 +0000 2020
Your annual reminder: The fake Nobel economics prize was part of a ploy to de-democratize control over economic dec… https://t.co/qW0a1mnhw8 yashalevine (from LA via Leningrad) Tue Oct 13 19:54:01 +0000 2020
It was the middle of the night in California when the Nobel Committee tried to reach Paul Milgrom to tell him he'd… https://t.co/TMGTeF5Imr CNN Tue Oct 13 03:25:06 +0000 2020
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