The 2020 Nobel Memorial Prize in economics: the Canterbury connection
Type of content
Journal Article
UC permalink
Publisher's DOI/URI
Thesis discipline
Degree name
Publisher
Informa UK Limited
Journal Title
Journal ISSN
Volume Title
Language
en
Date
2021
Authors
Watt, Richard
Abstract
The 2020 Nobel Memorial Prize in Economics (officially known as The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel), was awarded to two professors from Stanford University, Paul Milgrom and Robert Wilson, ‘for improvements to auction theory and inventions of new auction formats’. What is probably less well-known is the notable impact made by two New Zealand economists, both economics graduates from the University of Canterbury, in shaping the theory of auctions for which the prize was awarded. This paper looks at the ‘web of influence’ among the two New Zealand economists and the two new Nobel prize winners in as far as the development of auction theory is concerned.
Description
Citation
Watt R (2021). The 2020 Nobel Memorial Prize in economics: the Canterbury connection. New Zealand Economic Papers. 55(2). 166-172.
Keywords
Auction theory, Nobel prize
Ngā upoko tukutuku/Māori subject headings
ANZSRC fields of research
1401 Economic Theory
1402 Applied Economics
1499 Other Economics
38 - Economics
1402 Applied Economics
1499 Other Economics
38 - Economics
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All rights reserved unless otherwise stated