The $20 billion incentive auction was a complicated beast, and its auction design and implementation have rightly been celebrated, but they were just part of the successful spectrum reallocation process. The operations research and analytical pieces were crucial as well, and the key people included an internal team at the FCC as well as researchers from Auctionomics. This week, INFORMS - the leading international association for operations research and analytics - announced that it has awarded the 2018 Franz Edelman prize to the FCC for its use of OR as part of this project. I offer my congratulations to the whole team for this fantastic honor!
The National Academy of Sciences announced its annual awards today, and Paul Milgrom was a winner of its Carty Award for the Advancement of Science, as shown here. The award is given every two years to a scholar in any field represented in the Academy. Paul will receive the prize in a ceremony at the National Academy meeting in Washington, DC on April 28.
Paul has been selected as the 2017 of the prize in Innovative Quantitative Applications awarded jointly by the CME Group and the Mathematical Sciences Research Institute. The award ceremony will take place on Feb 12, 2018, at the Merc in Chicago. According to the awarding organizations, "The CME Group-MSRI Prize is awarded to an individual or a group to recognize originality and innovation in the use of mathematical, statistical or computational methods for the study of the behavior of markets, and more broadly of economics."
The 10-person prize committee included five economics Nobel laureates, and further luster is added by the list of eleven previous winners, four of whom subsequently were awarded the Nobel prize in economics. The announcement and additional details can be found here.