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Auction Invention Put to Use

Dec 12 2009

Over the years, I’ve invented several new multi-item auction mechanisms intended for use in practice. Portugal has now adopted the Day-Milgrom core-selecting auction mechanism for an upcoming radio spectrum auction. Detailed rules can be found here or on the Portuguese regulator’s website.

A paper explaining the logic of this design — “Core-Selecting Auctions” — can be found in the Publications section of this website (link).

Latest News

The American Economic Association has named Paul Milgrom a Distinguished Fellow, which is the associations highest honor for lifetime achievement. According to the award citation, Milgrom "is the world’s leading auction designer, having helped design many of the auctions for radio spectrum...
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