Apr 13 2017
The FCC announced the official close of the Incentive Auction today. Paul had led the design team that created the rules for this auction. Auctionomics, of which Paul is chairman, supplied some of the software used in the auction. As the FCC explained:
Jan 16 2017
At the recent meeting of the American Economic Association, Paul Milgrom was featured alongside Atila Abdulkadiroglu explaining the role of the "Economist as Engineer." His videotaped presentation about the engineering challenges in designing the US incentive auction is featured on the AEA website...
Feb 22 2016
Professor Robert Wilson (Paul's PhD advisor) has been selected as the winner of the 8th BBVA Foundation "Frontiers of Knowledge" Award, in the category of Economics, Finance and Management. The award carries a monetary prize of €400,000.
Feb 17 2016
Paul delivered the 2016 Nancy L. Schwartz Memorial Lecture at Northwestern University today. The lecture, entitled "Prices and Auctions in Markets with Complex Constraints," is viewable online here.
Dec 12 2015
Douglass North, who died on November 23, 1995, was one of the great economists of modern times. Despite being a careful empirical research, Doug was impatient with what he considered to be the excessive reliance of many economists on formal mathematical models. I was honored to be Doug's...