Announced the winners of the 2020 Nobel Prize in Economics. According to the Nobel Committee, the award was given to Paul R. Milgrom and Robert B. Wilson. They received the award for “the development of auction theory and the invention of new auction formats”
Paul R. Milgrom was born in 1948 in Detroit, USA. He graduated from the University of Michigan and Stanford University with a bachelor's degree and has been a member of the American Academy of Sciences and Arts since 1992. Robert B. Wilson (Robert B. Wilson) was born in 1937, in Nebraska, USA. Since 1999, he has been the President of the Econometric Society (economics.com.az).

Announced the names of winners of the Nobel Prize in Economics
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