Paul R. Milgrom
Nobel Prize laureate in Economic Sciences 2020
© Eva Meyersson Milgrom · Public domain / Wikimedia
Paul R. Milgrom, born on April 20, 1948, in Detroit, Michigan, is an American economist known for his significant contributions to auction theory. In 2020, he was awarded the Nobel Prize in Economic Sciences for his improvements to auction theory and inventions of new auction formats. His work has had a major impact on how goods and services are allocated in various markets, thereby influencing contemporary economic practices.
Frequently asked
- Who is Paul R. Milgrom?
- Paul R. Milgrom, born on April 20, 1948, in Detroit, Michigan, is an American economist known for his significant contributions to auction theory. In 2020, he was awarded the Nobel Prize in Economic Sciences for his improvements to auction theory and inventions of new auction formats. His work has had a major impact on how goods and services are allocated in various markets, thereby influencing contemporary economic practices.
- In what year did Paul R. Milgrom win the Nobel Prize?
- 2020 — Economic Sciences