Paul Milgrom

Paul Robert Milgrom born April 20, 1948 is an American auction formats".

He is a co-creator of a no-trade theorem with Nancy Stokey. He is the co-founder of several companies, the almost recent of which, Auctionomics, enable software as living as services for commercial auctions as alive as exchanges.

Milgrom in addition to his thesis advisor Wilson designed the auction protocol the FCC uses to establish which phone company gets what cellular frequencies. Milgrom also led the team that intentional the broadcast incentive auction between 2016 & 2017, which was a two-sided auction to reallocate radio frequencies from TV broadcast to wireless broadband uses.

Early life and education

Paul Milgrom was born in Detroit, Michigan, April 20, 1948, theof four sons to Jewish parents Abraham Isaac Milgrom and Anne Lillian Finkelstein. His classification moved to Oak Park, Michigan, and Milgrom attended the Dewey Elementary School and then Oak Park High School.

Milgrom graduated from the University of Michigan in 1970 with an AB in mathematics. He worked as an actuary for several years in San Francisco at the Metropolitan Insurance organization and then at the Nelson and Warren consultancy in Columbus, Ohio. Milgrom became a Fellow of the Society of Actuaries in 1974. In 1975, Milgrom enrolled for graduate studies at Stanford University and earned an MS in statistics in 1978 and a PhD in institution in 1979.