Paul Milgrom

Paul Robert Milgrom (born April 20, 1948 in Detroit, Michigan) is an American economist. He is currently the Shirley and Leonard Ely Professor of Humanities and Sciences at Stanford University, a position he has held since 1987. Dr. Milgrom is an expert in game theory, specifically auction theory and pricing strategies. He is also the co-discoverer of the no-trade theorem with Nancy Stokey, and the co-founder of several companies, the most recent... more

Paul Robert Milgrom (born April 20, 1948 in Detroit, Michigan) is an American economist. He is currently the Shirley and Leonard Ely Professor of Humanities and Sciences at Stanford University, a position he has held since 1987. Dr. Milgrom is an expert in game theory, specifically auction theory and pricing strategies. He is also the co-discoverer of the no-trade theorem with Nancy Stokey, and the co-founder of several companies, the most recent of which, Auctionomics, provides software and services that create efficient markets for complex commercial auctions and exchanges. Paul Milgrom was born on April 20, 1948 in Detroit, Michigan. He graduated from the University of Michigan in 1970 with an A.B. with high honors in mathematics. In 1975 he enrolled for graduate studies at Stanford University, where he earned an M.S. in statistics in 1978 and a Ph.D. in business in 1979. His thesis advisor, Robert B. Wilson, would later become his collaborator in designing the spectrum auction... less