The 2020 Nobel Memorial Prize in economics: the Canterbury connection

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dc.contributor.authorWatt, Richard
dc.date.accessioned2024-10-11T03:59:08Z
dc.date.available2024-10-11T03:59:08Z
dc.date.issued2021
dc.description.abstractThe 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.
dc.identifier.citationWatt R (2021). The 2020 Nobel Memorial Prize in economics: the Canterbury connection. New Zealand Economic Papers. 55(2). 166-172.
dc.identifier.doihttp://doi.org/10.1080/00779954.2021.1950200
dc.identifier.issn0077-9954
dc.identifier.issn1943-4863
dc.identifier.urihttps://hdl.handle.net/10092/107485
dc.languageen
dc.publisherInforma UK Limited
dc.rightsAll rights reserved unless otherwise stated
dc.rights.urihttp://hdl.handle.net/10092/17651
dc.subjectAuction theory
dc.subjectNobel prize
dc.subject.anzsrc1401 Economic Theory
dc.subject.anzsrc1402 Applied Economics
dc.subject.anzsrc1499 Other Economics
dc.subject.anzsrc38 - Economics
dc.titleThe 2020 Nobel Memorial Prize in economics: the Canterbury connection
dc.typeJournal Article
uc.collegeUC Business School
uc.departmentDepartment of Economics and Finance
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