Latest news

Incentive Auction Closes

April 13, 2017

The FCC announced the official close of the Incentive Auction today. Paul had led the design team that created the rules for this auction. Auctionomics, of which Paul is chairman, supplied some of the software used in the auction. 

As the FCC explained:

"Bidding in the auction closed on March 30, 2017, repurposing 84 megahertz of spectrum – 70 megahertz for licensed use and another 14 megahertz for wireless microphones and unlicensed use. The auction yielded $19.8 billion in revenue, including $10.05 billion for winning broadcast bidders and more than $7 billion to be deposited to the U.S. Treasury for deficit reduction."

FCC Incentive Auction Fact Sheet

Paul Milgrom Featured by American Economic Association

January 16, 2017

At the recent meeting of the American Economic Association, Paul Milgrom was featured alongside Atila Abdulkadiroglu explaining the role of the "Economist as Engineer." His videotaped presentation about the engineering challenges in designing the US incentive auction is featured here on the AEA website. 

Robert Wilson wins BBVA Award

February 22, 2016

Professor Robert Wilson (Paul's PhD advisor) has been selected as the winner of the 8th BBVA Foundation "Frontiers of Knowledge" Award, in the category of Economics, Finance and Management. The award carries a monetary prize of €400,000. In the short version, Wilson was honored for "pioneering contributions to the analysis of strategic interactions when economic agents have limited and different information about their environment.” In the view of the jury, “his research on auctions, electricity pricing, reputation and dynamic interactions under such informational circumstances was groundbreaking and pervades economic analysis to this day.” A full description of his contribution can be found here.

Paul Delivers the Nancy Schwartz Lecture

February 17, 2016

Paul delivered the 2016 Nancy L. Schwartz Memorial Lecture at Northwestern University today. The lecture, entitled "Prices and Auctions in Markets with Complex Constraints," is viewable online here

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