2 U.S. Economists Paul R. Milgrom and Robert B. Wilson Wins Nobel Memorial Prize in Economic Sciences

The 2020 Nobel Prize in Economic Sciences has been awarded jointly to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats”
The award is officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020.
The laureates in economic sciences are selected by the Royal Swedish Academy of Sciences in Stockholm.
It comes with a gold medal and a cash award of 10 million Swedish krona ($1.12 million).