Stanford Professors Win Nobel In Economics For Understanding And Designing Auctions The $1.1 million prize goes to Stanford professors Paul Milgrom and Robert Wilson for advancing knowledge of how buyers and sellers behave.

Economy

Stanford Professors Win Nobel In Economics For Understanding And Designing Auctions

October 12, 20205:00 AM ET

Scott Horsley

Stanford Professors Win Nobel In Economics For Understanding And Designing Auctions

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Paul Milgrom and Robert Wilson will share the Nobel Prize for Economics this year. NPR's Scott Horsley reports.