The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020 goes to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats”. But what does that mean? SSE Assistant Professor Andrea Enache explains how auctions affect our lives more than you would think.

If you are interested in Milgrom and Wilson’s writings, you can find the printed ones in the library, and some e books in the right column. You have to be a SSE student or staff in order to access them.

Photo by Isaac Fryxelius