Tag: cellphone

Stanford Pair Win Nobel For Economic Ideas Driving Ebay, Cellphone Spectrum Sales

by Erik Sherman

Going once, going twice—the winners of this year’s Nobel Prize in Economic Sciences are two Stanford economists whose work lets the world make mobile phone calls, switch on a light, and buy and sell on eBay.

Robert Wilson and Paul Milgrom, are famous for their groundbreaking work on auction theory. They took the 2,500-year-old practice of selling goods to the highest bidder and transformed how they worked and how the world looked at a result.

One of the major areas they developed was analysis of how the rules that govern auctions affect the efficiency of the outcomes—how bidders get the value they want, sellers maximize their income, and the process can happen more easily and quickly. Then they found ways to move beyond the fast-talking and gavel-banging stereotype of an auction and into many new types that new rules could enable.

“Sometimes the invisible hand of the

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People obeyed stay-at-home orders, CDC cellphone data shows

A Salvadoran Health Ministry worker shows a package of bottles of HydroxyChloroquine pills to be distributed in hospitals in San Salvador on April 21 amid the coronavirus outbreak.
A Salvadoran Health Ministry worker shows a package of bottles of HydroxyChloroquine pills to be distributed in hospitals in San Salvador on April 21 amid the coronavirus outbreak. Yuri Cortez/AFP/Get

The number of US prescriptions for hydroxychloroquine and chloroquine were significantly higher in March and April than in the same period in 2019, and the providers prescribing them were different, according to new research published in the US Centers for Disease Control and Prevention’s Morbidity and Mortality Weekly Report on Thursday. 

The drugs are typically used to treat autoimmune diseases and to prevent malaria, but early in the pandemic, were touted by President Trump and others as a possible Covid-19 treatment. On March 20, the US Food and Drug Administration issued an emergency use authorization for the drugs to treat Covid-19. The EUA was rescinded on June 15.

To identify differences in prescriptions for these drugs, researchers looked at prescriptions

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