Paul Milgrom

American economist

Key facts

Born: ( 1948-04-20 ) April 20, 1948 (age 78) , Detroit , Michigan , U.S.
Known for: Auction theory , Incentive theory , Market design
Spouse: Eva Meyersson
Education: University of Michigan ( BA ), Stanford University ( MS , PhD )
Thesis: The structure of information in competitive bidding (1979)
Doctoral advisor: Robert B. Wilson
Discipline: Economics
Institutions: Northwestern University (1979–1983), Yale University (1982–1987), Stanford University (1987–present)
Doctoral students: Susan Athey , Luís Cabral , Joshua Gans , Gillian Hadfield , Li Shengwu
Awards: Erwin Plein Nemmers Prize in Economics (2008), BBVA Foundation Frontiers of Knowledge Award (2012), Golden Goose Award (2014), Nobel Memorial Prize in Economic Sciences (2020) Technology and Engineering Emmy Awards (2024)
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Paul Robert Milgrom (born April 20, 1948) is an American economist. He is the Shirley and Leonard Ely Professor of Humanities and Sciences at the Stanford University School of Humanities and Sciences, a position he has held since 1987. He is a professor in the Stanford School of Engineering as well and a Senior Fellow at the Stanford Institute for Economic Research. Milgrom is an expert in game theory, specifically auction theory and pricing strategies. He is the winner of the 2020 Nobel Memorial Prize in Economic Sciences, together with Robert B. Wilson, "for improvements to auction theory and inventions of new auction formats".

He is the co-creator of the no-trade theorem with Nancy Stokey. He is the co-founder of several companies, the most recent of which, Auctionomics, provides software and services for commercial auctions and exchanges.