NERA Congratulates Dr. Paul R. Milgrom and Dr. Robert B. Wilson for Their Award of the 2020 Nobel Prize in Economic Sciences

12 October 2020

New York, NY, 12 October 2020. NERA Economic Consulting sends its heartfelt congratulations to Stanford University professors Dr. Paul R. Milgrom and Dr. Robert B. Wilson for winning the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020, recognizing their “improvements to auction theory and inventions of new auction formats.” NERA experts are proud to have worked alongside Dr. Milgrom in applying game theory to antitrust and competition cases.

NERA’s auctions practice is active in designing and implementing auctions across a range of sectors, including energy, mobile telephony, and radio spectrum. NERA Managing Director Richard Marsden lauded the work of the new Nobel laureates: “The pioneering work of Drs. Milgrom and Wilson has inspired tremendous innovation, facilitating new auction designs that support more efficient allocation of scarce resources. At NERA, my colleagues, Dr. Chantale LaCasse, Benjamin Chee, and Dr. Soren Sorensen, and I work at the frontier of this field, pioneering new auction formats and helping buyers and sellers navigate complex bid processes.”

About NERA

NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For over half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.

NERA's clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world's largest economic consultancies. With its main office in New York City, NERA serves clients from more than 25 offices across North America, Europe, and Asia Pacific.