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Economics and Finance

D-Index
82
Citations
113063
World Ranking
245
National Ranking
182

Research.com Recognitions

  • 2020 - Nobel Prize for improvements to auction theory and inventions of new auction formats
  • 2020 - Nobel Memorial Prize laureates in Economics for improvements to auction theory and inventions of new auction formats.
  • 2020 - Distinguished Fellow of the American Economic Association
  • 2012 - BBVA Foundation Frontiers of Knowledge Award
  • 2006 - Member of the National Academy of Sciences
  • 1992 - Fellow of the American Academy of Arts and Sciences
  • 1986 - Fellow of John Simon Guggenheim Memorial Foundation
  • 1983 - Fellows of the Econometric Society

Overview

Paul Milgrom is affiliated with Stanford University in the United States. The research conducted spans several interconnected fields, with significant contributions to decision sciences, business management and accounting, and economics, econometrics, and finance. Their research work is concentrated particularly in auction theory and applications, consumer market behavior and pricing, optimization and search problems, and game theory.

They have published notable papers including:

  • "Auction Research Evolving: Theorems and Market Designs" (2021) in American Economic Review
  • "Extended proper equilibrium" (2021) in Journal of Economic Theory
  • "Taming the Communication and Computation Complexity of Combinatorial Auctions: The FUEL Bid Language" (2022) in Management Science
  • "Algorithmic Mechanism Design With Investment" (2023) in Econometrica
  • "Market Design for Surface Water" (2024) in SSRN Electronic Journal

The primary publication venues where the scientist frequently contributes include Management Science, SSRN Electronic Journal, American Economic Review, Econometrica, and Journal of Economic Theory.

Their frequent coauthors include:

  • Mohammad Akbarpour
  • Scott Duke Kominers
  • Kevin Michael Li
  • Shengwu Li
  • Martin Bichler

Fields of study and subfields covered by their research are:

  • Decision Sciences
  • Business, Management and Accounting
  • Economics, Econometrics and Finance
  • Management Science and Operations Research
  • Economics and Econometrics
  • Marketing
  • Computer Networks and Communications
  • Management Information Systems

Main topics addressed throughout their publications include:

  • Auction Theory and Applications
  • Consumer Market Behavior and Pricing
  • Optimization and Search Problems
  • Game Theory and Voting Systems
  • Economic Theories and Models
  • Supply Chain and Inventory Management
  • Game Theory and Applications

Paul Milgrom has received several recognitions, including the Nobel Memorial Prize in Economics in 2020 for improvements to auction theory and the invention of new auction formats. Other awards include being named a Distinguished Fellow of the American Economic Association in 2020, the BBVA Foundation Frontiers of Knowledge Award in 2012, and election to the National Academy of Sciences in 2006.

The scientist has also been recognized as a Fellow of the American Academy of Arts and Sciences, a Fellow of the John Simon Guggenheim Memorial Foundation, and a Fellow of the Econometric Society.

Best Publications

  • Economics, Organization and Management

    Paul R. Milgrom;John Donald Roberts

  • Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design

    Bengt Holmstrom;Paul Milgrom

  • Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

    Lawrence R. Glosten;Lawrence R. Glosten;Paul R. Milgrom

  • A theory of auctions and competitive bidding

    Paul R Milgrom;Robert J Weber

  • Good News and Bad News: Representation Theorems and Applications

    Paul R. Milgrom

  • AGGREGATION AND LINEARITY IN THE PROVISION OF INTERTEMPORAL INCENTIVES

    Bengt Robert Holmström;Paul R. Milgrom

  • The Economics of Modern Manufacturing: Technology, Strategy, and Organization

    Paul Milgrom;John Roberts

  • Rational cooperation in the finitely repeated prisoners' dilemma

    David M Kreps;Paul Milgrom;John Roberts;Robert Wilson

  • Complementarities and fit strategy, structure, and organizational change in manufacturing

    Paul Milgrom;John Roberts

  • Price and Advertising Signals of Product Quality

    Paul Milgrom;John Roberts

  • Predation, reputation, and entry deterrence

    Paul Milgrom;John Roberts

  • Predation, reputation, and entry deterrence☆

    Paul R. Milgrom;John Roberts

  • THE ROLE OF INSTITUTIONS IN THE REVIVAL OF TRADE: THE LAW MERCHANT, PRIVATE JUDGES, AND THE CHAMPAGNE FAIRS

    Paul R. Milgrom;Douglass C. North;Barry R. Weingast

  • Information, trade and common knowledge

    Paul Milgrom;Nancy Stokey

  • The Firm as an Incentive System

    Bengt Holmstrom;Paul Milgrom

  • Putting Auction Theory to Work

    Paul R. Milgrom

  • Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities

    Paul Milgrom;John Roberts

  • Monotone comparative statics

    Paul Milgrom;Chris Shannon

  • Coordination, Commitment, and Enforcement: The Case of the Merchant Guild

    Avner Greif;Paul Milgrom;Barry R. Weingast

  • Envelope Theorems for Arbitrary Choice Sets

    Paul Milgrom;Ilya Segal

  • The economic nature of the firm: Multitask principal–agent analyses: incentive contracts, asset ownership, and job design

    Bengt Holmstrom;Paul Milgrom

Frequent Co-Authors

John Roberts
John Roberts Rice University
Peter Cramton
Peter Cramton University of Maryland, College Park
Lawrence M. Ausubel
Lawrence M. Ausubel University of Maryland, College Park
Jonathan Levin
Jonathan Levin Stanford University
John D. Roberts
John D. Roberts Yale University
Robert W. Hahn
Robert W. Hahn University of Oxford
Robert Wilson
Robert Wilson Stanford University
Robert E. Hall
Robert E. Hall Hoover Institution
Jeremy Bulow
Jeremy Bulow Stanford University

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