The Royal Swedish Academy of Sciences has decided to award the 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Paul R. Milgrom and Robert B. Wilson "for improvements to auction theory and inventions of new auction formats".
This year’s Economic Sciences Laureates, Paul Milgrom and Robert Wilson, have improved auction theory and invented new auction formats, benefitting sellers, buyers and taxpayers around the world.
© Nobel Media. Ill. Niklas Elmehed.
