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[Volokh Conspiracy] [Michael Abramowicz] Today's Nobel and the Future of Settlement Bargaining This year's Nobel Memorial Prize in Economic Sciences was awarded today to Paul Milgrom and Robert Wilson for their work on auction theory and improvement of auction designs. (See Marginal Revolution's excellent coverage here, here, and here.) Milgrom and Wilson not only made major contributions to auction theory, but also designed auctions that the Federal… Published:10/12/2020 10:33:22 AM
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