U.S. academics Paul R. Milgrom and Robert B. Wilson shared the Nobel Prize in Economic Sciences for new insights into how auctions work, and how different auction designs can help buyers and sellers meet their goals. The announcement Monday gave the U.S. a clean sweep of this year’s Nobel Prizes, with at least one American citizen winning in each of the five categories for which individuals were selected.

Source: Wall Street Journal October 12, 2020 09:54 UTC