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The quest for the perfect auction

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  • Committee, Nobel Prize

    (Nobel Prize Committee)

Abstract

Every day, auctions distribute astronomical values between buyers and sellers. This year’s Laureates, Paul Milgrom and Robert Wilson, have improved auction theory and invented new auction formats, benefitting sellers, buyers and taxpayers around the world

Suggested Citation

  • Committee, Nobel Prize, 2020. "The quest for the perfect auction," Nobel Prize in Economics documents 2020-1, Nobel Prize Committee.
    • Handle: RePEc:ris:nobelp:2020_001
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    File URL: https://www.nobelprize.org/uploads/2020/09/popular-economicsciencesprize2020.pdf
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    More about this item

    Keywords

    Auctions;

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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