Reflections on the 2020 Nobel Memorial Prize Awarded to Paul Milgrom and Robert Wilson

Authors

  • Maarten C. W. Janssen University of Vienna, Austria, and National Research University Higher School of Economics (Moscow), Russia

DOI:

https://doi.org/10.23941/ejpe.v13i2.533

Abstract

The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats”. Maarten C. W. Janssen reflects on Milgrom and Wilson’s work.

Author Biography

Maarten C. W. Janssen, University of Vienna, Austria, and National Research University Higher School of Economics (Moscow), Russia

Maarten C. W. Janssen is Professor of Microeconomics at the University of Vienna. Before joining Vienna he was a professor of Microeconomics at Erasmus University Rotterdam and director of the Tinbergen Institute. His main academic research area is the theory of industrial organization, where he is known for his work on consumer search and auctions. He created the Vienna Graduate School of Economics, is an elected foreign member of The Royal Holland Society of Sciences and Humanities, a fellow of the Centre for Economic Policy Research (London), and holds an honorary doctorate from the Higher School of Economics (Moscow). He has been awarded the Distinguished Visiting Austrian Chair Professor at Stanford University for the year 2022.

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Published

2021-01-11

How to Cite

Janssen, M. C. W. (2021). Reflections on the 2020 Nobel Memorial Prize Awarded to Paul Milgrom and Robert Wilson. Erasmus Journal for Philosophy and Economics, 13(2), 177–184. https://doi.org/10.23941/ejpe.v13i2.533

Issue

Vol. 13 No. 2 (2020): Winter 2020 (book symposium on Roemer’s ‘How We Cooperate’)

Section

Special Contributions