Congratulations to Paul Milgrom and Robert Wilson for winning the 2020 Economics Nobel Prize

The 2020 Bank of Sweden Prize in Economic Sciences in Honor of Alfred Nobel was awarded today jointly to Paul Milgrom and Robert Wilson of Stanford University for their work in Auction theory. Here is the popular information document on the Nobel Prize website, complete with some really great graphics:

Hearty congratulations to the winners! More from me on this blog a little later. I know a bit about auction theory and have taught parts of the theory — now I will prepare a lecture on this award to be delivered on October 23d. Details to follow.

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