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.
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U.S. economists win Nobel Prize for auction theory work

The winning economists designed auctions that allow for multiple bids over a period of time.
U.S. economists Paul Milgrom and Robert Wilson won the Nobel Prize in economics work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel Committee said.
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2 Americans win Nobel prize in economics for auction theory

Oct 12, 2020
Americans Paul R. Milgrom and Robert B. Wilson won the Nobel Prize in economics on Monday for “improvements to auction theory and inventions of new auction formats.”
U.S. economists Paul Milgrom and Robert Wilson won the Nobel Prize in economics work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel Committee said.
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How Nobel Prize winner Paul Romer redefined economics

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Oct 8, 2018
Economists comment on what makes Romer’s views unique.
“I’ve been really disappointed that we just haven’t had the kind of political environment where we can think about speeding up technological progress,” Paul Romer said Monday.
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Nobel winner Nordhaus changed terms of climate debate

Oct 8, 2018
There’s a new report out on climate change science and it’s bleak. The Intergovernmental Panel on Climate Change, made up of thousands of scientists, finds the earth’s temperature has risen 1 degree Celsius — or 1.8 degrees Fahrenheit — since pre-industrial times.…
Yale Professor William Nordhaus speaks during a press conference after winning the 2018 Nobel Prize in Economic Sciences at Yale University on Oct. 8, 2018 in New Haven, Connecticut.
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Richard Thaler wins Nobel for work in behavioral economics

Oct 9, 2017
The Nobel committee said Thaler’s work shows how human traits affect individual decisions and market outcomes.
Nobel prize winner Richard Thaler.
Courtesy of the University of Chicago