Nobel Lecture: Auction Theory and Practical Market Design
Shirley and Leonard Ely Jr. Professor of Humanities and Sciences, Stanford University
34:39·2020·graduate level·Public Colloquium
Recounts how the winner's curse, complementarities, and simultaneous ascending-round auctions unlocked tens of billions in spectrum reallocation worldwide.
Paul R. Milgrom delivered his Prize Lecture on 8 December 2020. Professor Milgrom was introduced by Professor Tore Ellingsen, Committee for the Prize in Economic Sciences in Memory of Alfred Nobel.
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