Auctions are changing, thanks to 2020's Nobel economics prize winners
Improvements to auction theory and inventions of new auction formats by U.S. economists Paul Milgrom and Robert Wilson, has secured the pair the 2020 Nobel Prize in Economics.
Simon Johnson, a former chief economist of the IMF, is a professor at MIT Sloan, a senior fellow at the Peterson Institute for International Economics, and co-founder of a leading economics blog, The Baseline Scenario.
Improvements to auction theory and inventions of new auction formats by U.S. economists Paul Milgrom and Robert Wilson, has secured the pair the 2020 Nobel Prize in Economics.
In the absence of a universal vaccine against COVID-19, tighter constraints on human mobility will remain in place – perhaps for a long time, according to two economists.
The three economists have been awarded the Nobel Prize in Economics for their work tackling poverty by breaking it down into smaller, more precise questions.
Peter Handke and Olga Tokarczuk have both been honoured this year, after a controversy meant the 2018 prize was postponed.
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