Going once...
Column Published in syndication October 14, 2020

Two Americans, Dr. Paul R. Milgrom and Dr. Robert B. Wilson of Stanford University, received this year's Nobel Prize in Economics "for improvements to auction theory and inventions of new auction formats." Each year, the Royal Swedish Academy of Sciences awards the Prize in recognition of ideas and research that increase our understanding of important issues in economics and related areas. This year's winners have studied auctions and how they work.