The Nobel Prize for Economics goes to the Americans Paul Milgrom and Robert Wilson, auction experts.

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Fernando Vergara / AP / SIPA

The Nobel Prize in economics was awarded on Monday to Americans Paul Milgrom, 72, and Robert Wilson, 83.

These two auction experts "improved auction theory and invented new auction formats" to "benefit sellers, buyers and taxpayers around the world," said the jury of the Swedish Academy of Sciences.

The duo, who were one of the favorites for the award this year, are best known for being behind the concept for the sale of telecommunications frequency band licenses in the United States.

The two economists, both teachers at Stanford, also worked on the mechanisms for allocating landing slots at airports.

The economy closes a Nobel season

In 2019, the prize was awarded to a trio of researchers specializing in the fight against poverty, the Americans Abhijit Banerjee and Michael Kremer and the Franco-American Esther Duflo, second distinguished woman in the discipline and youngest laureate in history. of this price.

The economy comes to close a Nobel season marked on Friday by the peace prize of the World Food Program, the UN body for the fight against hunger.

One million euros for each discipline

Thursday, the American poet Louise Glück had won literature.

In addition to the American Andrea Ghez, co-winner in physics on Tuesday, two women have entered the history of the Nobels for their discovery of "genetic scissors": the French Emmanuelle Charpentier and the American Jennifer Doudna became the first 100% female duo to win a scientific Nobel.

The winners, who share nearly a million euros for each discipline, will receive their prize this year in their country of residence, due to coronavirus.

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