Author Archives: Elizabeth Y. Turner, G.G.

Stanford University professors Paul Milgrom and Robert Wilson, winners of the Nobel Prize in economics (2020), were recognized “for improvements to auction theory and inventions of new auction formats.” “Auctions are everywhere and affect our everyday lives,” the prize committee said in a statement. Milgrom and Wilson’s work “benefit[s] sellers, buyers and taxpayers around the world.”

Auctions have been around for almost 2,500 years, and if you haven’t participated in one, now may be the time.… Read More

Maine’s iconic coast brings to mind images of granite cliffs leading to bold ocean views in places such as Monhegan Island, or of coastlines strewn with rocks and pebbles made smooth over time. Lighthouses stand guard to guide boats away from treacherous rocks. Pink granite cliffs highlight the coastline of Acadia National Park and Mt. Desert Island. 

As children, my cousins and I were fascinated by the tidal pools encircled by rocks as the water ebbed and flowed.… Read More