How Auction Theory Could Help Distribute Vaccines Equitably Across the World

When auctions are well-designed, they benefit everyone, including the bidders and the auctioneers. Maybe a way to distribute vaccines worldwide?

Sveriges Riksbank Prize in Economic Sciences 2020: Improved Auctions

Paul R. Milgrom and Robert B. Wilson invented a new auction format for which they receive the Sveriges Riksbank Prize in Economic Sciences 2020.