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Discovering auctions: Contributions of Paul Milgrom and Robert Wilson

Abstract:
The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Paul R. Milgrom and Robert B. Wilson for “improvements to auction theory and inventions of new auction formats”. In this survey article, we review the contributions of the laureates, emphasizing the subtle interplay between deep theoretical questions and practical design challenges that resulted in one of the most successful fields of economics.
Publication status:
Published
Peer review status:
Reviewed (other)

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Publisher copy:
10.1111/sjoe.12441

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Institution:
University of Oxford
Division:
SSD
Sub department:
Economics
Oxford college:
St Catherine's College
Role:
Author
ORCID:
0000-0002-6570-1903
Publisher:
Föreningen för utgivande av SJE/The editors of The Scandinavian Journal of Economics
Journal:
Scandinavian Journal of Economics Journal website
Volume:
123
Issue:
3
Pages:
709-750
Publication date:
2021-07-08
Acceptance date:
2021-03-03
DOI:
EISSN:
1467-9442
ISSN:
0347-0520
Language:
English
Keywords:
Pubs id:
1185407
Local pid:
pubs:1185407
Deposit date:
2021-07-08

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