Latest news

Auction Invention Put to Use

December 12, 2009

Over the years, I’ve invented several new multi-item auction mechanisms intended for use in practice. Portugal has now adopted the Day-Milgrom core-selecting auction mechanism for an upcoming radio spectrum auction. Detailed rules can be found here or on the Portuguese regulator’s website.

A paper explaining the logic of this design — “Core-Selecting Auctions” — can be found in the Publications section of this website (link).


Bruno Strulovici’s Young Researcher Prize

July 6, 2009

Congratulations to Bruno Strulovici, winner of the Young Researcher Prize from Review of Financial Studies for his joint paper on “Performance Sensitive Debt.” Bruno did his doctoral work at Stanford in the department of Management Science and Engineering, supervised by Thomas Weber, before shifting his research into economics. I am Bruno’s “economics mentor” and celebrate his success with him!

Nicolaj Siggelkow Promoted

April 8, 2009

Nicolaj Siggelkow reports that he has just been promoted to full professor at the Wharton School at the University of Pennsylvania. Congratulations to Nicolaj!

Nicolaj prepared his award-winning Stanford undergraduate thesis in 1993 under my supervision. He went on to do his graduate studies at Harvard Business School, receiving his doctorate in 1998. It is particularly interesting that the themes Siggelkow began to develop in his undergraduate thesis, including studies of the fit between a company’s strategy and its business practices or simply among its practices , continue to inspire some of his current research more than 15 years later!

Bengt Holmström Elected

November 18, 2008

Congratulations to my Stanford classmate, coauthor and friend, Bengt Holmstrom, who has been elected second vice-president of the Econometric Society (winning against me!). Bengt will become president of the Society in 2011. The election is a high honor in recognition of a career of high accomplishment as an economics researcher, teacher and administrator.

Bengt and I began our careers together as assistant professors at Northwestern University, from where we both move to Yale University to continue our collaboration/competition. At Stanford, we shared a dissertation adviser, Robert Wilson. Working with another Wilson student, Alvin Roth, we edited a volume of research celebrating Wilson’s accomplishments.