Nobel Prize 2020 in Economics awarded to Paul Milgrom and Robert Wilson for improvements to auction theory | World News,The Indian Express

Nobel Prize 2020 in Economics awarded to Paul Milgrom and Robert Wilson for improvements to auction theory | World News,The Indian Express



Economist Paul R. Milgrom (Left) and Robert B. Wilson. (Source: Johan Jarnestad/The Royal Swedish Academy of Sciences”)

Nobel Prize 2020 in Economics awarded to Paul Milgrom and Robert Wilson for improvements to auction theory

The award caps a week of Nobel Prizes and is technically known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Since its establishment in 1969, it has been awarded 51 times and is now widely considered one of the Nobel prizes.