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First Economist to Receive SBIR Funds

Jan 1 2010

On January 1, I apparently became the first economist ever to be awarded funds under the Small Business Innovative Research (SBIR) program of the National Science Foundation. I am principal investigator for Auctionomics on a proposal entitled “Incorporating Bidder Budgets in Multi-Item Auctions.” Bidder budgets are important in practice, but normally excluded from the messages communicated by bidders to the auctioneer during the course of an auction. Auctionomics is developing technology to make appropriate use of budget messages.

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...
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...
Sep 10 2019
Auctionomics, working on behalf of the C-Band Alliance, has proposed a novel auction design called FUEL ("flexible use and efficient licensing") to sell rights to use the C-band for 5g. The design, proposed in June 2019, is a combinatorial design in which bidders can bid for between 0-9 licenses in...