Oct 13, 2020

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

HTML EMBED:
COPY
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?

Segments From this episode

Amazon Prime Day boosts small business shopping, too

Oct 13, 2020
There are small- and medium-sized businesses who use Amazon's platform and logistics to reach wider audiences.
More than half the products sold on Amazon come from smaller companies.
Justin Sullivan/Getty Images

Nobel laureate Robert Wilson says auctions pervade our everyday life

Oct 13, 2020
Many products are now sold using "package auctions" for a more efficient allocation of goods.
It's not just art sales. Auctions are instrumental in advertising sales, electricity prices, property purchases and more.
Spencer Platt/Getty Images

The team

Nicole Childers Executive Producer
Victoria Craig Producer, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Candace Manriquez Wrenn Producer/Editor
Brian Allison Engineer
Alex Schroeder Digital producer
Meredith Garretson Producer
Erika Soderstrom Producer/Director