Auction Theory - Paul Milgrom and Robert Wilson

What this episode covers

Paul Milgrom and his former tutor Robert Wilson worked together for years developing ways to run complicated auctions for large resources. This month the two Stanford University professors were awarded the Nobel memorial prize in economics for their work. The auction formats they designed facilitated the sale of goods and services that are difficult to sell in a conventional way, such as radio frequencies.

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Frequently Asked Questions

How long is this episode of More or Less?

This episode is 8 minutes long.

When was this More or Less episode published?

This episode was published on October 17, 2020.

What is this episode about?

Paul Milgrom and his former tutor Robert Wilson worked together for years developing ways to run complicated auctions for large resources. This month the two Stanford University professors were awarded the Nobel memorial prize in economics for their...

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Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.