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Nobel prize in economics
October 16 , 2020
1562 days
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- Two American economists Paul R Milgrom and Robert B Wilson jointly won this year's Nobel Prize in Economics.
- They are awarded for improvements to auction theory and inventions of new auction formats.
- They have used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies.
- Their discoveries have benefitted sellers, buyers and taxpayers around the world.
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