Main content
Auction Theory - Paul Milgrom and Robert Wilson
Tim Harford explains the contribution that this year鈥檚 Nobel memorial prize winners for economics have made to auction theory.
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.
(L-R Paul Millgrom and Robert Wilson. Credit: Andrew Brodhead/ Stanford)
Last on
Mon 19 Oct 2020
09:50GMT
成人快手 World Service
More episodes
Previous
Broadcasts
- Sat 17 Oct 2020 17:50GMT成人快手 World Service except East and Southern Africa & West and Central Africa
- Sat 17 Oct 2020 21:50GMT成人快手 World Service except Americas and the Caribbean, East and Southern Africa & West and Central Africa
- Sun 18 Oct 2020 14:50GMT成人快手 World Service East and Southern Africa & West and Central Africa only
- Sun 18 Oct 2020 21:50GMT成人快手 World Service East and Southern Africa & West and Central Africa only
- Mon 19 Oct 2020 09:50GMT成人快手 World Service
Download this programme
Subscribe to this programme or download individual episodes.