Paul Milgrom





Paul Milgrom is an American Economist born in 1948. He studied at Stanford where he has a master’s degree in Statistics and a PhD in business. Milgrom currently is the Shirley and Leonard Ely professor of Humanities and Sciences in the department of economics and professor by courtesy at the Graduate School of Business. He is a member of the National Academy of Sciences, a fellow of the American Academy of Arts and Sciences, and director of the Market Design program at SIEPR.


Milgrom has published various works such as Putting Auction Theory to Work which was, published by Cambridge University Press and Economics, Organization and Management which highly influenced various areas to economic research.

Milgrom most famous works centered around game theory. In particular, it included auction theory, incentive theory, contracts and market design. he was a lead academic contributor to the FCC spectrum auction design. This design was used in many auctions including auctions of radio spectrum, electricity and natural gas with billions in value.

Milgrom's has also worked with global firms such as advising Microsoft networks on sponsored auctions, Google on its IPO auction of shares, Yahoo! on the design of an advertising marketplace and Mexico on privatization auctions of the state-owned asset. 


I did not know Paul Milgrom prior to being assigned with the alias. I find his work on auction theory interesting and highly specialized. I am also intrigued by the fact that he has worked with large influential companies and his overall influence on global economics.







Comments

  1. Professor ArvanSeptember 11, 2017 at 8:25 AM

    Milgrom is also one of the co-authors of the textbook for our class. We will be doing a lot of work based on M&R, starting in class tomorrow.

    ReplyDelete

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