close
Choose your channels
Telugu » Headline News » The Nobel Prize for Economics announced; Deets inside

The Nobel Prize for Economics announced; Deets inside

Monday, October 12, 2020 • Telugu Comments
Devan Karthik
Listen to article
--:-- / --:--
1x
This is a beta feature and we would love to hear your feedback?
Send us your feedback to audioarticles@vaarta.com

The Nobel Prize for Economics, technically known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, has awarded to Paul R. Milgrom and Robert B. Wilson for the year 2020.

What is their contribution? As per the committee that announced the names, the duo has made contributions towards the "improvements to auction theory and inventions of new auction formats".

As per the committee, their study will help sellers, buyers as well as taxpayers.

Commenting on the winners, commentator Matthew Yglesias wrote, "'Auction theory' is going to sound very obscure to most people but these guys came up with the auction format the FCC (and now lots of other regulators) use to auction off radio spectrum, one of the big underpinnings of the modern mobile economy."

Follow us on Google News and stay updated with the latest!   

Comments

Welcome to IndiaGlitz comments! Please keep conversations courteous and relevant to the topic. To ensure productive and respectful discussions, you may see comments from our Community Managers, marked with an "IndiaGlitz Staff" label. For more details, refer to our community guidelines.
settings
Login to post comment
Cancel
Comment

Headlines

SC Orders Independent Probe into Tirumala Laddu Fisco SC Orders Independent Probe into Tirumala Laddu Fisco
AP Dy CM Pawan Kalyan's Powerful Varahi Declaration AP Dy CM Pawan Kalyan's Powerful Varahi Declaration
GHMC Cracks Down on Unauthorized Wall Posters and Writings in Hyderabad GHMC Cracks Down on Unauthorized Wall Posters and Writings in Hyderabad
Tirupati Laddo Controversy: AP Dy CM Pawan Kalyan's daring decision Tirupati Laddo Controversy: AP Dy CM Pawan Kalyan's daring decision
TTD EO Shyamala Rao on the Laddoo Controversy TTD EO Shyamala Rao on the Laddoo Controversy
Tirupati Laddu Row: Pawan Kalyan Calls for National Sanatana Dharma Protection Board Tirupati Laddu Row: Pawan Kalyan Calls for National Sanatana Dharma Protection Board
Shocking: Beef Fat in Tirupati Laddu Prasadam Shocking: Beef Fat in Tirupati Laddu Prasadam
Andhra Pradesh Coalition Government: 100 Days of Progress and a Vision for the Future Andhra Pradesh Coalition Government: 100 Days of Progress and a Vision for the Future
Nara Lokesh fulfills first promise he made during Yuva Galam yatra Nara Lokesh fulfills first promise he made during Yuva Galam yatra
Cristiano Ronaldo breaches one million and continues his rampage Cristiano Ronaldo breaches one million and continues his rampage
Motorsport Leagues and Legends Motorsport Leagues and Legends
AP Dy CM Pawan Kalyan meets TG CM Revanth Reddy and donates Rs 1cr AP Dy CM Pawan Kalyan meets TG CM Revanth Reddy and donates Rs 1cr