What is the useful theory of auctions for which they gave the Nobel Prize in economics today, and how the winners were able to earn on it Professor Stanford Paul Milgrom and Robert Wilson, classics of auctions theory, who have been studying them since the late 1960s, became the Nobel Prize laureates for economics.

Dmitry Medvedev, by decree of Vladimir Putin, will head the Security Council commission to create a system of protection against new infections. Vladimir Putin's decree on the interdepartmental commission of the Security Council to create a national system of protection against new infections has been published on the portal of legal information. According to the decree, the commission will be headed by Deputy Chairman of the Security Council, former Prime Minister Dmitry Medvedev.

Stanford professors Paul Milgrom and Robert Wilson won the Nobel Prize in Economics for developing the theory of auctions, which has been used by governments for three decades. The Bell asked Rector of the New Economic School Ruben Enikolopov to explain the value of the laureates' discoveries and how they are applied in practice. Why Milgrom and Wilson won In recent years, there has been a tendency to give prizes to those whose discoveries have practical applications.

Samples taken at the military Kozelsk pesticide test site showed that it could not become a source of water pollution and mass death of marine animals in Kamchatka, said Alexei Ozerov, director of the Institute of Volcanology and Seismology of the Far East Branch of the Russian Academy of Sciences.

In September, Mail.ru Group spoke about plans to attract $ 600 million. This is about 10% of its capitalization. For what? A significant part of the amount will go to the game direction, the interlocutors of The Bell, familiar with the plans of the company, say. Behind the news about the battle of the Yandex ecosystems and the SBRU SP and Mail.ru Group, it was somehow forgotten that Mail.ru Group is a major game publisher. This business brings the company almost half of the revenue.

The online service through which employers must report on employees sent to remote work from October 12 began to fail due to high workload. The mayor's office said that the companies themselves were to blame, which began to transfer information about employees at the last moment.

Google's world-leading (about 70% of visits) Internet browser Chrome from Google may have to be sold, writes Politico. According to the resource, the antitrust investigation against Google is being conducted by the Ministry of Justice and the prosecutor's office. Its result could be the sale of Chrome, and most importantly, a part of the company's advertising business. If this happens, the separation will be the first in the US in decades.

The Ministry of Finance proposed to extend the program of preferential mortgage at 6.5% per annum until the end of 2021, and the volume of the program to triple, increasing the previously planned 900 billion rubles to 2.8 trillion rubles, follows from the draft department.

The European Union will draw up a list of about 20 largest technology companies that will be subject to regulation aimed at curbing market monopoly. The new rules will also oblige the IT giants of Silicon Valley to comply, writes the Financial Times. The list will include companies that meet the criteria for revenue, number of users, and others. These are companies of the level of Facebook and Google, notes the FT.

The Swedish Bank of Sweden's Alfred Nobel Memorial Prize in Economics - the last of the Nobel week - this year was awarded to Stanford duo Paul Milgrom and Robert Wilson for contributions to auction theory.

How to behave to an investor when markets go crazy - how was it, for example, in August 2020, when the S&P 500 index exceeded 3500 points? In the next article, in the next article of the “value investment in persons and principles” , the Movchan's Group , associate professor of the Faculty of Finance of Economics of Economics of the Higher School of Economics, Elena Chirkova, is told about the decisions that are made in such situations.

The pandemic of coronavirus increased the stratification in Russian banking: the TOP-30 banks strengthened the market position, and the small ones weakened, the rating agency of the NKR found out. This is a key difference from the crisis of 2014-2015.

The company of the son of Senator Suleiman Kerimov, Said, who owns Polyus, attracted a $1 billion loan from Sberbank this year, pledging 7.74% of the gold mining company's securities, writes RBC. The holding company Polyus Gold International Limited (PGIL, owns 76.8% of Polyus) in April of this year attracted $1 billion from Sberbank at a rate of 4.41% per annum until July 2022.

The World Bank has estimated future losses in the income of schoolchildren due to the transfer of classes to remote work. Just three months of distance education will cost the current generation of Russian children 2.5% of their future annual income in adult professional life. The loss of children from low-income families from a long transfer to distance education will be higher than that of children from high-income families.

Two participants in the meeting of Alexander Lukashenko in the pre-trial detention center - a member of the initiative group of Viktor Babariko Yuri Voskresensky and the director of the IT company PandaDoc Dmitry Rabtsevich - have had their measure of restraint changed. They left the pre-trial detention center, reports . the state TV channel Belarus-1 The information was confirmed by Voskresensky's wife: her husband was placed under house arrest.