Paul R. Milgrom & Robert B. Wilson awarded Nobel Prize 2020 in Economics

The Nobel Prize 2020 in Economics has been awarded to Paul R. Milgrom and Robert B. Wilson for improvements to auction theory and inventions of new auction formats. The Nobel Prize Committee announced it on twitter by writing “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’.

Paul R. Milgrom and Robert B. Wilson will receive 10 million krona which is estimated to be around 11 million dollars. Both of them are American economist and known for their contributions to management science and business economics.

Comments are closed, but trackbacks and pingbacks are open.