The 2020 Nobel Prize in Economic Sciences recognizes Milgrom’s work in improving auction formats. He and fellow researcher Robert Wilson were awarded the prize for their research about auction theory.

The coastal counties of the eight Great Lakes states produce 21 percent of the gross domestic product in the region and 5.8 percent of the United States’ GDP.

The University’s ‘innovation ecosystem’ launched 31 startups this fiscal year, a 40-percent increase over FY19, despite a period that included the pandemic and temporarily shuttered labs.

Future business magnate and 1913 grad George Mason arrived at U-M with an apple in hand and a penchant for negotiation. With one transaction freshman year, he set off a chain of lucrative deals that landed him a Stutz Bearcat.

Reports of wasted milk and rotting produce no longer needed by restaurants revealed Big Food’s limited ability to pivot during crisis. Meanwhile, resilient alumni who own Michigan farms and markets are tweaking business models to serve consumers.

From shortages to unanticipated waste, the pandemic’s damage to the supply chain is exacerbating the problem of food insecurity for millions. Still, there are signs of hope, and they’re coming from smaller grocers and local suppliers.

In 1701, Antoine Cadillac saw promise in the juicy, beautiful grapes lining the Detroit River. It took a while, but Detroit Vineyards has replied to the city’s founder by embracing urban viticulture. Cheers!

Two Ross graduates identify an editorial niche and publish competing e-pubs to curate and deliver ‘digestible’ business news to overstimulated professionals.

The Detroit Center for Innovation will serve students pursuing advanced degrees in mobility, artificial intelligence, data science, and more. Construction begins in 2021.