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Paul Robert Milgrom (born April 20, 1948) is an American economist. He is the Shirley and Leonard Ely Professor of Humanities and Sciences at the Stanford University School of Humanities and Sciences, a position he has held since 1987.
Paul Milgrom is the Shirley and Leonard Ely professor of Humanities and Sciences in the Department of Economics at Stanford University and professor, by courtesy, at both the Department of Management Science and Engineering and the Graduate School of Business.
Paul R. Milgrom. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020. Born: 20 April 1948, Detroit, MI, USA. Affiliation at the time of the award: Stanford University, Stanford, CA, USA. Prize motivation: “for improvements to auction theory and inventions of new auction formats” Prize share: 1/2. Work.
Paul Milgrom’s primary research is directed to designing auctions for multiple unique but related items. Along with Robert Wilson, he introduced the initial design for sales of radio spectrum licenses in the United States.
Milgrom (2000) proved the efficiency properties of the SMR auction when bidders bid straightforwardly, showing how the development of prices could promote an efficient outcome when the licenses are substitutes.
Paul Milgrom is the Shirley and Leonard Ely professor of Humanities and Sciences in the Department of Economics at Stanford University and professor, by courtesy, in the Stanford Graduate School of Business and in the Department of Management Sciences and Engineering.
May 9, 2024 · Paul Milgrom, American economist who, with Robert Wilson, was awarded the 2020 Nobel Prize for Economics for his contributions to the theory of auctions and for his invention of new auction formats, or rules of operation, for goods and services that could not be efficiently sold in more traditional types of auction.
On 10 March 2021 we spoke to 2020 laureate Paul Milgrom via zoom on how his life has changed since the announcements in October, what unique item he has won at an auction and how he met his wife at a Nobel Prize banquet.
Paul Milgrom is the Shirley and Leonard Ely professor of Humanities and Sciences in the Department of Economics at Stanford University and professor, by courtesy, in the Stanford Graduate School of Business and in the Department of Management Sciences and Engineering.
Paul Milgrom is the Shirley and Leonard Ely professor of Humanities and Sciences in the Department of Economics at Stanford University and professor, by courtesy, at both the Department of Management Science and Engineering and the Graduate School of Business.
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