The photos of Laureates of the 2020 Nobel Prize in Economics are seen on a screen during the prize announcement in Stockholm, Sweden, Oct. 12, 2020. The 2020 Nobel Prize in Economics was awarded to Paul R. Milgrom and Robert B. Wilson "for improvements to auction theory and inventions of new auction formats," the Royal Swedish Academy of Sciences announced here on Monday. (Photo by Wei Xuechao/Xinhua)
