Paul Milgrom and Robert Wilson win 2020 Nobel Prize in Economics
Congratulations to Paul Milgrom and Robert Wilson from Stanford University for winning the 2020 Nobel Prize in Economics for "for improvements to auction theory and inventions of new auction formats."
The contributions to auction theory by Milgrom and Wilson have significantly improved our understanding of how auctions (and other marketplaces) work. Many of the auction designs proposed by them have been successfully deployed in practice. Most famously, they have designed multiple new auction formats for the sale of radio frequency licenses, and these auctions have been used by many governments around the world to conduct multi-Billion dollar spectrum auctions. See here for the official press release.
In the Media
Members of the Center for Market Design explain the relevance of the work of Paul Milgrom and Robert Wilson:
- Prof. Nick Netzer: SRF Trend
- Prof. Armin Schmutzler: SRF Börse
- Prof. Sven Seuken: Finanz und Wirtschaft
- John von Neumann Lecture by Philipp Strack on Friday, June 3, 15:00 (via Zoom)
- Nobel Laureate Paul Milgrom holds Public Lecture titled "Linear pricing mechanisms without convexity"
- Paul Klemperer's Departmental Talk "Art of Multi-product Auction Design" at the Economics Department. Monday, 27 September 2021 in KOL F-118
- John von Neumann Lecture by Constantinos Daskalakis on Friday, June 11 (via Zoom)
- Nobel Laureate Alvin Roth speaks about "Controversial Markets"
- Seminar Schedule for Spring 2021 Announced
- List of virtual market design seminars published for Fall 2020
- John von Neumann Lecture by Hervé Moulin on Friday, May 29, 10:00-11:30am (via Zoom)