MODERN DAY AUCTIONS & ESTATE SALES
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Press Release

October 12, 2020

The Prize in Economic Sciences 2020

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The Quest for the Perfect Auction:

Auctions are everywhere and affect our everyday lives – they decide the prices of electricity, emission allowances, financial assets and various commodities. Every day, auctions distribute astronomical values between buyers and sellers. This year’s Laureates, Paul Milgrom and Robert Wilson, have improved auction theory and invented new auction formats, benefitting sellers, buyers and taxpayers around the world.

Click HERE For the full Article

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