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Tag: Auction Theory

2020 Nobel Prize For Economics Awarded To 2 Stanford Economists For Auction Theory
2020 Nobel Prize For Economics Awarded To 2 Stanford Economists For Auction Theory

Stockholm: Two American economists won the Nobel Prize on Monday for improving the theory of how auctions work and inventing new and better auction formats that are now woven into many parts of the economy. The discoveries of Paul R. Milgrom and Robert B. Wilson have benefitted sellers, buyers and taxpayers around the world, the […]

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