The quest for the perfect auction
https://www.nobelprize.org/uploads/2020/09/advanced-economicsciencesprize2020.pdf
https://www.nobelprize.org/uploads/2020/09/advanced-economicsciencesprize2020.pdf
Every day, auctions distribute astronomical values between buyers and sellers. This year’s Laureates, Paul Milgrom and Robert Wilson, have improved auction theory and invented new auction formats, benefitting sellers, buyers and taxpayers around the world.
https://www.bloomberg.com/opinion/articles/2020-10-12/economics-nobel-goes-to-two-masters-of-auction-design-milgrom-and-wilson
The Nobel prize in economics rewards advances in
auction theory
https://www.economist.com/finance-and-economics/2020/10/12/the-nobel-prize-in-economics-rewards-advances-in-auction-theory
The $120 Billion Idea Behind This Year’s Nobel
Prize in Economics
https://www.bloomberg.com/news/articles/2020-10-12/the-120-billion-idea-behind-this-year-s-nobel-prize-in-economics
Economists are Starting to Think Like Engineers
https://www.bloomberg.com/opinion/articles/2020-10-12/economists-are-starting-to-think-like-engineers
The auctions pioneered by this year’s economics
laureates have backfired badly in some emerging markets
https://www.bloomberg.com/opinion/articles/2020-10-12/economics-nobel-prize-celebrates-auctions-that-failed-india
https://www.economist.com/finance-and-economics/2020/10/12/the-nobel-prize-in-economics-rewards-advances-in-auction-theory
https://www.bloomberg.com/news/articles/2020-10-12/the-120-billion-idea-behind-this-year-s-nobel-prize-in-economics
https://www.bloomberg.com/opinion/articles/2020-10-12/economists-are-starting-to-think-like-engineers
https://www.bloomberg.com/opinion/articles/2020-10-12/economics-nobel-prize-celebrates-auctions-that-failed-india