Stanford's Paul Milgrom and Robert Wilson are honored for their "inventions of new auction formats." Auctions are now used to price Internet ads, wholesale electricity and fishing permits.
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Monday, 12 October 2020
loobobilly News: 'Auctions Are Everywhere': 2020 Economics Nobel Goes To 2 Americans
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Stanford's Paul Milgrom and Robert Wilson are honored for their "inventions of new auction formats." Auctions are now used to price Internet ads, wholesale electricity and fishing permits.
Read more on NPR
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