The $120 Billion Idea Behind This Year’s Nobel Prize in Economics
An attendee places a bid at the RM Sotheby’s auction during the 2019 Pebble Beach Concours d’Elegance in Pebble Beach, California, U.S. (Photographer: David Paul Morris/Bloomberg)

The $120 Billion Idea Behind This Year’s Nobel Prize in Economics

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(Bloomberg Businessweek) -- You know that feeling of elation when you win an auction—say, a bidding war for a house—and how it’s immediately followed by that sinking feeling that you overpaid? That...
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