The 2020, Nobel Prize in Economics has been given to Paul R. Milgrom and Robert B. Wilson for their work on:

Economics (M.Phil./Ph.D.) 2020 Panjab University Entrance Exam With Answers

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12.

A: Contributions to Contract Theory

B: Empirical analysis of asset prices

C: Improvements to auction theory and inventions of new auction formats

D: Analysis of markets with search frictions

The answer is: C

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