Shirley R. and Leonard W. Ely, Jr. Professor in Humanities and Sciences
Academic Council Faculty
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. In 2020, Milgrom was named a Distinguished Fellow of the American Economic Association. According to the Distinguished Fellow 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, including those conducted by the U.S. Federal Communications Commission (ranging from the original simultaneous multiple round auction with activity rules, to the recent incentive auction for repurposing broadcast spectrum for modern uses). His applied work in auction design and consulting has established new ways for economists to interact with the wider world. He is also a theorist of extraordinary breadth, who has provided (and still continues to provide) foundational insights not only into the theory of auctions (including his 1982 paper with Weber), but across the range of modern microeconomic theory."
Kudos to Paul Milgrom and Robert Wilson for being awarded the Sveriges Riksbank Prize in Economic Sciences “for improvements to auction theory and inventions of new auction formats”.
Paul Milgrom has been elected as a Distinguished Fellow of the American Economic Association. The Distinguished Fellow awards recognize the lifetime research contributions of distinguished economists. Paul Milgrom, Distinguished Fellow 2020
The Economics Department congratulates Paul Milgrom and David Kreps and Robert Wilson from the Graduate School of Business on receiving the prestigious John J. Carty Award for the Advancement of Science.