Paul Milgrom
Paul Milgrom is an American economist known for his contributions to auction theory and market design. He was awarded the Nobel Prize in Economic Sciences in 2020, alongside Robert Wilson, for their advancements in the understanding of how auctions work and the design of auction formats that improve efficiency and revenue. Milgrom's work has had a profound impact on both theoretical and practical aspects of economics, influencing how goods and services are allocated in various markets.
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Italy:
Paul Milgrom was awarded for his work in auction theory and the invention of new auction formats.
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United Kingdom:
Economist Paul Milgrom unplugged the phone when the Nobel committee called to tell him he had won the Nobel for economics.
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Ireland:
Paul Milgrom woke up Bob Wilson after the latter unplugged his phone during the night.
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