October 12, 2020 8:18 PM
Paul Milgrom and Robert Wilson jointly win 2020 Nobel Prize in Economics
Two American economists Paul R Milgrom and Robert B Wilson jointly won this year's Nobel Prize in Economics. Both economists are based at Stanford University in California. The announcement was made in Stockholm today. <br />''<br />''Paul Milgrom and Robert Wilson were chosen for the Nobel Prize in Economics for improvements to auction theory and inventions of new auction formats.<br />''<br />''The Royal Swedish Academy of Sciences said, the new auction formats are...