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Paul Milgrom Headshots

About

Paul Milgrom is the Shirley and Leonard Ely professor of Humanities and Sciences in the Department of Economics at Stanford University and professor, by courtesy, at both the Department of Management Science and Engineering and the Graduate School of Business. He is also chairman and co-founder of Auctionomics, which designs and assists bidders in high-stakes auctions.

Publications

On Understanding the Effects of GAAP Reserve Assumptions, Transactions of the Society of Actuaries, 27, 1975, 71‑88.

On Understanding the Effects of GAAP Reserve AssumptionsTransactions of the Society of Actuaries, 27, 1975, 71‑88.

Actuarial Science

A Convergence Theorem for Competitive Bidding with Differential Information, Econometrica, 47, 1979, 679‑88. Erratum.

Auctions, Matching and Market Design

Topologies on Information and Strategies in Normal‑Form Games with Incomplete Information (with Robert Weber), Game Theory and Mathematical Economics, edited by O. Moeschlin and D. Pallaschke, New York: North Holland, 1981.

Topologies on Information and Strategies in Normal‑Form Games with Incomplete Information (with Robert Weber), Game Theory and Mathematical Economics, edited by O. Moeschlin and D. Pallaschke, New York: North Holland, 1981.

Game Theory and Mathematical Economics

Rational Expectations, Information Acquisition, and Competitive Bidding, Econometrica, 49, 1981, 921‑43. Reprinted in The Economic Theory of Auctions, edited by Paul Klemperer, London: Edward Elgar Publishing, 1999.

Rational Expectations, Information Acquisition, and Competitive BiddingEconometrica, 49, 1981, 921‑43.

  • Reprinted in The Economic Theory of Auctions, edited by Paul Klemperer, London: Edward Elgar Publishing, 1999.
Auctions, Matching and Market Design

An Axiomatic Characterization of Common Knowledge, Econometrica, 49, 1981, 219‑22.

An Axiomatic Characterization of Common KnowledgeEconometrica, 49, 1981, 219‑22.

Game Theory and Mathematical Economics

Latest

2020 Nobel Prize Firsts and Lectures

In this pandemic year, Paul Milgrom and Bob Wilson received their Nobel prize medals and diplomas in an abbreviated ceremony in Paul’s backyard on the morning of December 8. The discussion quickly turned to the sheer number of “firsts” associated with this Nobel prize in economics.

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Milgrom and Wilson Awarded Economics Nobel Prize

Milgrom and Wilson Awarded Economics Nobel Prize

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,

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AEA Names Paul Milgrom a “Distinguished Fellow”

PAUL MILGROM, DISTINGUISHED FELLOW 2020

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 conducted around the world in the last thirty years,

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Aumann & Marshall Lectures

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,

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