American duo wins Nobel Economics Prize for work on auctions

Stockholm, Oct 12 (AFP/APP):US economists Paul Milgrom and Robert Wilson won the Nobel Economics Prize on Monday for work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel Committee said. The duo was honoured “for improvements to auction theory and inventions of new auction … Continue reading American duo wins Nobel Economics Prize for work on auctions