Paul Milgrom

ThinkersBorn 1948Economist

Works

  • A Theory of Auctions and Competitive Bidding, Econometrica, with Robert J. Weber, 1982
  • Simultaneous multiple-round auction for the FCC spectrum licenses (with Robert Wilson and Preston McAfee), 1994
  • Putting Auction Theory to Work, Cambridge University Press, 2004

In Thinking Tools

Known for

An auction theorist who worked with Robert Wilson, Preston McAfee, and John McMillan on the simultaneous multiple round auction the US Federal Communications Commission adopted to sell spectrum licenses. He shared the 2020 Nobel Memorial Prize in Economic Sciences with Wilson for improvements to auction theory and inventions of new auction formats.

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