Winning bid: how auction theory took the Nobel memorial prize in economics | Curio

Winning bid: how auction theory took the Nobel memorial prize in economics

6 mins | Oct 15, 2020

Paul Milgrom and Robert Wilson have won 2020’s Nobel Prize in economics. The duo have been recognised for their work on developing new types of auctions. Tim Harford, from the Financial Times, explains how auction theory has transformed how countries allocate resources in the public interest.

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From Financial Times