Paul Milgrom is best known for his contributions to microeconomic theory, pioneering innovations in practical design of multi-item auctions. Paul is a Professor of Economics at Stanford University and a member of the National Academy of Sciences. He has won numerous awards including the 2008 Nemmers Prize in Economics for dramatically expanding the understanding of the role which information and incentives play within firms and markets.
The lecture will address newly designed markets for challenging resource allocations in radio spectrum and in fisheries which utilized new tools and ideas. Lessons for the design of other markets will be drawn.