(2020) Paul Milgrom
Paul Robert Milgrom (born April 20, 1948) is an American economist. Milgrom is an expert in game theory, specifically auction theory and pricing strategies. He is the winner of the 2020 Nobel Memorial Prize in Economic Sciences, together with Robert B. Wilson, \"for improvements to auction theory and inventions of new auction formats\". He is the co-creator of the no-trade theorem with Nancy Stokey. He is the co-founder of several companies, the most recent of which, Auctionomics, provides software and services for commercial auctions and exchanges.
Milgrom and his thesis advisor Wilson designed the auction protocol the FCC uses to determine which phone company gets what cellular frequencies. Milgrom also led the team that designed the broadcast incentive auction between 2016 and 2017, which was a two-sided auction to reallocate radio frequencies from TV broadcast to wireless broadband uses.
