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Oct 13, 2020

Auctions aren’t just for livestock or fine art, Nobel laureate says

Professor Robert Wilson says auction theory affects our everyday lives, from house prices to phone networks. Australia investigates if China has stopped importing its coal. Who benefits from Prime Day?

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Professor Robert Wilson, one of two recipients of this year's Nobel prize in economics, says auctions are used for more than just livestock sales these days.
Jeff J Mitchell/Getty Images

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Segments From This Episode

Amazon Prime Day boosts small business shopping, too
by Victoria Craig
Justin Sullivan/Getty Images
There are small- and medium-sized businesses who use Amazon’s platform and logistics to reach wider audiences.
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Nobel laureate Robert Wilson says auctions pervade our everyday life
by Victoria Craig and Alex Schroeder
Spencer Platt/Getty Images
Many products are now sold using “package auctions” for a more efficient allocation of goods.
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The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director

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Auctions aren’t just for livestock or fine art, Nobel laureate says

Subscribe:

Segments From This Episode

Amazon Prime Day boosts small business shopping, too

Nobel laureate Robert Wilson says auctions pervade our everyday life

The Team