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Aumann & Marshall Lectures

Feb 21 2020

Paul delivered the 2019 Aumann lecture, honoring Nobel Laureate Robert Aumann in Israel in July 2019. This lecture was expanded and updated for Paul's 2019 Marshall lectures, delivered over two days at Cambridge University in November, 2019. Those lectures were recorded and are available online  at this link. The first lecture explains seven reasons why a Vickrey auction was unsuitable for use in purchasing TV broadcast rights for the US incentive auction and how a new design overcame all seven objections. The second lecture pays special attention to another new theoretical problem that had to be solved for the incentive auction: how to clear a market with heterogeneous stations and licenses connected by a complex set of constraints. 

Latest News

Nov 5 2020
The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Paul Milgrom and Robert Wilson "for improvements to auction theory and invention of new auction formats." As explained in the prize announcement, the prize is awarded annually by the Royal Swedish...
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...
Feb 21 2020
Paul delivered the 2019 Aumann lecture, honoring Nobel Laureate Robert Aumann in Israel in July 2019. This lecture was expanded and updated for Paul's 2019 Marshall lectures, delivered over two days at Cambridge University in November, 2019. Those lectures were recorded and are available online  at...