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De teoría de subastas a diseño de mercados: las contribuciones de Paul Milgrom y Robert Wilson a la economía
[From auction theory to market design: Paul Milgrom and Robert Wilson’s contributions to Economics]

Author

Listed:
  • Leandro Arozamena
  • Andres Fioriti
  • Federico Weinschelbaum

Abstract

The 2020 Economics Nobel Prize was awarded to Paul Milgrom and Robert Wilson. Both laureates have made seminal, crucial contributions to auction theory and practical market design. Here, we briefly describe those contributions and their significance within the general context of auction theory and practice. We also review the laureates’ substantial and highly influential work in other areas of economics

Suggested Citation

  • Leandro Arozamena & Andres Fioriti & Federico Weinschelbaum, 2021. "De teoría de subastas a diseño de mercados: las contribuciones de Paul Milgrom y Robert Wilson a la economía [From auction theory to market design: Paul Milgrom and Robert Wilson’s contributions to," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 38(76), pages 279-296, january-j.
    • Handle: RePEc:uns:esteco:v:38:y:2021:i:76:p:219-296
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    File URL: https://revistas.uns.edu.ar/ee/article/view/2248/1261
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    More about this item

    Keywords

    subastas; diseño de mecanismos; diseño de mercados;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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