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 the Stanford Graduate School of Business. He is a member of both the National Academy of Sciences and the American Academy of Arts and Sciences and a winner of the Nemmers Prize in Economics. Milgrom is best known for his contributions to the theory of auctions, for pioneering contributions to the practical design of multi-item auctions, and for his success as a Bidding Adviser.
Milgrom’s book Putting Auction Theory to Work was published by Cambridge University Press and received enthusiastic reviews from both Nobel-winning economists and leading practitioners. Milgrom’s research has also advanced understanding in many other areas of economics, including incentive theory, industrial economics, economic history, economics of manufacturing, economics of organisations, and game theory. His book with John Roberts, Economics, Organization and Management, opened a new area to economic research.