Stanford Institute for Economic Policy Research (SIEPR)
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Professor of Economics and Senior Fellow at the Hoover Institution and at the Stanford Institute for Economic Policy Research
BioThomas MaCurdy is a Senior Fellow at the Stanford Institute of Economic Policy Research, and he further holds appointments as a Professor of Economics and a Senior Fellow at the Hoover Institution at Stanford University. MaCurdy has published numerous articles and reports in professional journals and general-interest public policy venues, and he has served in an editorial capacity for several journals. He is a widely-recognized economist and expert in applied econometrics, who has developed and implemented a wide range of empirical approaches analyzing the impacts of policy in the areas of healthcare and social service programs. MaCurdy directs numerous projects supporting the activities and operations of the Center of Medicare and Medicaid Services (CMS), Congressional Budget Office (CBO), General Accounting Office (GAO), and Medicare Payment Advisory Commission (MedPAC), and Medicaid and CHIP Payment and Access Commission (MACPAC), and he has served as a member of several standing technical review committees for many federal and state government agencies (e.g., CBO, Census, BLS, California Health Benefits Review Program). MaCurdy currently supervises several empirical projects that support CMS regulatory policy responsible for the establishment of Healthcare Exchanges under the Affordable Care Act.
Shirley R. and Leonard W. Ely, Jr. Professor of Humanities and Sciences, Senior Fellow at SIEPR and Professor, by courtesy, of Economics at the Graduate School of Business and of Management Science and Engineering
BioPaul Milgrom is the Shirley and Leonard Ely professor of Humanities and Sciences in the Department of Economics at Stanford University and professor, by courtesy, in the Stanford Graduate School of Business and in the Department of Management Sciences and Engineering. Born in Detroit, Michigan on April 20, 1948, he is a member of both the National Academy of Sciences and the American Academy of Arts and Sciences and a winner of the 2008 Nemmers Prize in Economics, the 2012 BBVA Frontiers of Knowledge award, the 2017 CME-MSRI prize for Innovative Quantitative Applications, and the 2018 Carty Award for the Advancement of Science.
Milgrom is known for his work on innovative resource allocation methods, particularly in radio spectrum. He is coinventor of the simultaneous multiple round auction and the combinatorial clock auction. He also led the design team for the FCC's 2017 incentive auction, which reallocated spectrum from television broadcast to mobile broadband.
According to his BBVA Award citation: “Paul Milgrom has made seminal contributions to an unusually wide range of fields of economics including auctions, market design, contracts and incentives, industrial economics, economics of organizations, finance, and game theory.” As counted by Google Scholar, Milgrom’s books and articles have received more than 80,000 citations.
Finally, Milgrom has been a successful adviser of graduate students, winning the 2017 H&S Dean's award for Excellence in Graduate Education.