Milgrom, Wilson Win Nobel for Work on Spectrum Auctions
Auction economists Paul Milgrom and Robert Wilson won the 2020 Nobel Prize in Economic Sciences. They “studied how auctions work” and “used their insights to design new auction formats for goods and services that are difficult to sell in a…
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traditional way, such as radio frequencies,” the committee said Monday: “Their discoveries have benefited sellers, buyers and taxpayers around the world.” FCC Chairman Ajit Pai said Tuesday “their work has made possible the extraordinary success of U.S. radiofrequency spectrum auctions.”