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October 13, 2020

Stanford economists win Nobel prize for improving auctions

By DAVID KEYTON, FRANK JORDANS and PAUL WISEMAN
Associated Press

STOCKHOLM — Auctions are everywhere in today's economy. They determine how Google sells ads, what price consumers end up paying for electricity, and the way governments sell off the public airwaves to telecom companies and broadcasters.

For helping make auctions run more efficiently, two Americans on Monday won the Nobel prize for economics.


 
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