Retail
Podcast: Dramatically Increased Product Return Rates Are Challenging Retailers
Guest Guests: Mark Samson, Michael Appel and Glenn McMahon Host: Steve Katz
By Rafael Gonzalez
This past fall, Stanford University economists Robert B. Wilson and Paul R. Milgrom were awarded the 2020 Nobel Prize for Economics based upon their contributions for improvements to auction theory and inventions of new auction formats. According to the prize committee, “Their discoveries have benefitted sellers, buyers and taxpayers around the world.” Impressively, each began their efforts in fundamental theory, and were able to advance their work to a level of real world application.