Stanford Institute for Economic Policy Research (SIEPR)
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Senior Associate Dean for Social Sciences, Professor of Economics and Senior Fellow at the Stanford Institute for Economic Policy Research
BioRan Abramitzky is a Professor of Economics and the Senior Associate Dean of the Social Sciences at Stanford University. His research is in economic history and applied microeconomics, with focus on immigration and income inequality. He is a research associate at the National Bureau of Economic Research and a senior fellow at the Stanford Institute for Economic Policy Research. He is the former co-editor of Explorations in Economic History. He was awarded an Alfred P. Sloan Research Fellowship, as well as National Science Foundation grants for research on the causes and consequences of income inequality and on international migration. His book, The Mystery of the Kibbutz: Egalitarian Principles in a Capitalist World (Princeton University Press, 2018) was awarded by the Economic History Association the Gyorgi Ranki Biennial Prize for an outstanding book on European Economic History. He has received the Economics Department’s and the Dean’s Awards for Distinguished Teaching. He holds a PhD in economics from Northwestern University.
Bing Professor of Human Biology and Senior Fellow at the Stanford Institute for Economic Policy Research
Current Research and Scholarly InterestsDr. Baker's research is in the area of health economics, and focuses on the effects of financial incentives, organizational structures, and government policies on the health care delivery system, health care costs, and health outcomes.
Edward Ames Edmonds Professor in Economics and Senior Fellow at the Stanford Institute for Economic Policy Research
BioB. Douglas Bernheim is the Edward Ames Edmonds Professor of Economics in the Department of Economics at Stanford University, as well as Department Chair. After completing an A.B. in Economics from Harvard University and a Ph.D. from the Massachusetts Institute of Technology, he joined the Stanford faculty as an Assistant Professor in 1982. He moved to Northwestern University’s J. L. Kellogg Graduate School of Management in 1988, and to Princeton University in 1990, before returning to Stanford in 1994. His awards and honors include election as a fellow of the American Academy of Arts and Sciences, election as a fellow of the Econometric Society, a John Simon Guggenheim Memorial Foundation Fellowship, and an Alfred P. Sloan Foundation Research Fellowship.
Professor Bernheim’s work has spanned a variety of fields, including public economics, behavioral economics, game theory, contract theory, industrial organization, political economy, and financial economics. His notable contributions include the following: in the area of game theory, introducing and exploring the concepts of rationalizability (thereby helping to launch the field of epistemic game theory), coalition-proofness, and collective dynamic consistency (also known as renegotiation-proofness); in the area of incentive theory, introducing and exploring the concepts of common agency and menu auctions, and developing a theory of incomplete contracts; in the area of industrial organization, developing theories of multimarket contact and exclusive dealing; concerning social motives in economics, introducing and exploring the concept of strategic bequest motives, and developing theories of conformity, Veblen effects, and the equal division norm; developing and applying a framework for behavioral welfare economics; developing an economic theory of addictive behaviors; conducting the earliest economic analyses of financial education; and analyzing the conceptual foundations for Ricardian equivalence.
Professor Bernheim is a Research Associate of the National Bureau of Economic Research, a Senior Fellow of the Stanford Institute for Economic Policy Research (SIEPR), and Co-Director of SIEPR's Tax and Budget Policy Program. He has also served as the Director of the Stanford Institute for Theoretical Economics (SITE), and as Co-Editor of the American Economic Review. He is currently serving as Co-Editor of the Handbook of Behavioral Economics.
Professor of Education, Senior Fellow at the Stanford Institute for Economic Policy Research and Professor, by courtesy, of Economics at the Graduate School of Business
Current Research and Scholarly InterestsBettinger, Eric and Bridget Long. “Simplification and Incentives: A Randomized Experiment to Increase College Savings."
Antonio, Anthony, Eric Bettinger, Brent Evans, Jesse Foster, and Rie Kijima. “The Effect of High School College Advisement: Evidence from a Randomized Evaluation in Texas.”
Bettinger, Eric, Michael Kremer, Maurice Kugler, and Juan Saavedra. “The Effect of Educational Vouchers in Colombia on Students’ Labor Market Outcomes.”
Bettinger, Eric, Oded Gurantz, Laura Kawano, and Bruce Sacerdote. "The Long-run Impacts of Merit Aid: Evidence from California's Cal-Grant."
Bettinger, Eric, Lindsay Fox, Susanna Loeb, and Eric Taylor, “Changing Distributions: How Online College Classes Alter Student and Professor Performance.”
Professor of Medicine, Senior Fellow at the Stanford Institute for Economic Policy Research and Professor, by courtesy, of Economics
Current Research and Scholarly InterestsMy research focuses on the constraints that vulnerable populations face in making decisions that affect their health status, as well as the effects of government policies and programs designed to benefit vulnerable populations.
Senior Fellow at Human Centered AI and at the Stanford Institute for Economic Policy Research and Professor, by courtesy, of Economics and of Operations, Information and Technology at the Graduate School of Business
BioProf. Erik Brynjolfsson is Director of the Stanford HAI Digital Economy Lab. He also holds appointments at SIEPR, the Stanford Graduate School of Business and the Department of Economics and the National Bureau of Economic Research. His research and speaking focus on the effects of IT on strategy, productivity, performance, digital commerce, and intangible assets.
M. Kate Bundorf
Associate Professor of Medicine (Health Services Research) and Senior Fellow at the Stanford Institute for Economic Policy Research and, by courtesy, at the Hoover Institution
Current Research and Scholarly InterestsProfessor Bundorf's research focuses on health insurance markets including the determinants and effects of individual and purchaser choices, the effects of regulation in insurance markets, the interaction of public and private systems of health insurance, incentives for insurers to improve health care quality and the organization of provider markets.
Associate Professor of Earth System Science and Senior Fellow at the Freeman Spogli Institute for International Studies and at the Woods Institute for the Environment
BioMarshall Burke is an associate professor in the Department of Earth System Science, deputy director at the Center on Food Security and the Environment, and center fellow at the Freeman Spogli Institute for International Studies (FSI) at Stanford University. He is also a faculty research fellow at the National Bureau of Economic Research, and a co-founder of AtlasAI, a remote sensing start-up. His research focuses on social and economic impacts of environmental change and on measuring and understanding economic development in emerging markets. His work has appeared in both economic and scientific journals, including recent publications in Nature, Science, The Quarterly Journal of Economics, and The Lancet. He holds a PhD in agricultural and resource economics from the University of California, Berkeley and a BA in international relations from Stanford University.
Prospective students should see my personal webpage, linked at right.
Charles Louis Ducommun Professor in Humanities and Sciences and Senior Fellow at the Woods Institute for the Environment, at the Stanford Institute for Economic Policy Research and at the Precourt Institute for Energy
BioBruce E. Cain is a Professor of Political Science at Stanford University and Director of the Bill Lane Center for the American West. He received a BA from Bowdoin College (1970), a B Phil. from Oxford University (1972) as a Rhodes Scholar, and a Ph D from Harvard University (1976). He taught at Caltech (1976-89) and UC Berkeley (1989-2012) before coming to Stanford. Professor Cain was Director of the Institute of Governmental Studies at UC Berkeley from 1990-2007 and Executive Director of the UC Washington Center from 2005-2012. He was elected the American Academy of Arts and Sciences in 2000 and has won awards for his research (Richard F. Fenno Prize, 1988), teaching (Caltech 1988 and UC Berkeley 2003) and public service (Zale Award for Outstanding Achievement in Policy Research and Public Service, 2000). His areas of expertise include political regulation, applied democratic theory, representation and state politics. Some of Professor Cain’s most recent publications include “Malleable Constitutions: Reflections on State Constitutional Design,” coauthored with Roger Noll in University of Texas Law Review, volume 2, 2009; “More or Less: Searching for Regulatory Balance,” in Race, Reform and the Political Process, edited by Heather Gerken, Guy Charles and Michael Kang, CUP, 2011; “Redistricting Commissions: A Better Political Buffer?” in The Yale Law Journal, volume 121, 2012; and Democracy More or Less (CUP, 2015). He is currently working on problems of environmental governance.
The Trione Director of SIEPR, The Wayne and Jodi Cooperman Professor and Senior Fellow at the Stanford Institute for Economic Policy Research
BioMark Duggan is a Professor of Economics at Stanford University and a Research Associate at the National Bureau of Economic Research. He received his B.S. and M.S. degrees in Electrical Engineering at M.I.T. in 1992 and 1994, respectively, and his Ph.D. in Economics from Harvard University in 1999. He currently is a Co-Editor at the American Economic Journal: Economic Policy and was previously a Co-Editor at the Journal of Public Economics. Before arriving to Stanford in the summer of 2014, Duggan served on the faculty at the University of Pennsylvania's Wharton School (2011-14), the University of Maryland's Economics Department (2003-11), and the University of Chicago's Economics Department (1999-2003).
Professor Duggan's research focuses primarily on the effect of government expenditure programs such as Social Security, Medicare, and Medicaid on the behavior of individuals and firms. Some of his more recent research is exploring the effect of federal disability programs on the labor market and of changes to the Medicare and Medicaid programs on the cost and quality of health care. He is also estimating the effect of patent reforms in India on the price and utilization of pharmaceutical treatments. His research has been published in leading academic journals including the American Economic Review, the Journal of Political Economy, and the Quarterly Journal of Economics and has been featured in outlets such as The Economist, the New York Times, and the Wall Street Journal.
Professor Duggan was the 2010 recipient of the ASHEcon Medal, which is awarded every two years by the American Society of Health Economists to the economist aged 40 and under in the U.S. who has made the most significant contributions to the field of health economics. Along with his co-author Fiona Scott Morton, he received the National Institute for Health Care Management's 2011 Health Care Research Award for their work on Medicare Part D. He was a Fellow of the Alfred P. Sloan Foundation from 2004 to 2006 and a Visiting Fellow at the Brookings Institution from 2006 to 2007. His research has been funded by the National Science Foundation, the National Institutes of Health, the Social Security Administration, and the Robert Wood Johnson Foundation. Duggan served from 2009 to 2010 as the Senior Economist for Health Care Policy at the White House Council of Economic Advisers and has also been an Expert Witness for the U.S. Department of Justice.
Professor of Economics and Senior Fellow at the Stanford Institute for Economic Policy Research
Senior Fellow at the Freeman Spogli Institute for International Studies and at the Stanford Institute for Economic Policy Research and Professor, by courtesy, of Economics
Current Research and Scholarly InterestsSee my personal website for all my recent working papers.
Gopi Shah Goda
Senior Fellow at the Stanford Institute for Economic Policy Research
BioGopi Shah Goda is a senior fellow and deputy director at the Stanford Institute for Economic Policy Research (SIEPR) at Stanford University. She completed her PhD in economics at Stanford University in 2007. She is also a Faculty Research Fellow at the National Bureau of Economic Research and a Fellow of the Society of Actuaries. Prior to joining SIEPR, she was a Robert Wood Johnson Scholar in Health Policy Research at Harvard University. Gopi conducts research on issues primarily related to the economics of aging in the United States that inform economic policymaking. Her recent research studies include an examination of perceptual and behavioral biases and their relationship with retirement saving decisions and the effects of long-term care insurance on family members’ work and location decisions. Her work has appeared in a variety of leading economics journals, and has been supported by the Social Security Administration, the National Institutes on Aging, the Alfred P. Sloan Foundation and the TIAA Institute.
Janet M. Peck Professor of International Communication and Senior Fellow at the Stanford Institute for Economic Policy Research
BioJudith L. Goldstein is the Janet M. Peck Professor of International Communication and the Kaye University Fellow in Undergraduate Education. Her research focuses on international political economy, with a focus on trade politics. She has written and/or edited six book including Ideas, Interests and American Trade Policy and more recently The Evolution of the Trade Regime: Politics, Law and Economics of the GATT and the WTO. Her articles have appeared in numerous journals.
Her current research focuses on the political requisites for trade liberalization focusing both on tariff bargaining and public preferences. As well, she is engaged in the analysis of a large survey panel, which focuses on how economic hard times influences public opinion.
Goldstein has a BA from the University of California Berkeley, a Masters degree from Columbia University and a Ph.D. from UCLA.
Shuzo Nishihara Professor in Environmental and Resource Economics and Senior Fellow at the Stanford Institute for Economic Policy ResearchOn Leave from 10/01/2020 To 12/31/2020
Current Research and Scholarly InterestsGoulder's research examines the environmental and economic impacts of environmental policies in the U.S. and China, with a focus on policies to deal with climate change and air pollution. His current research focuses on the evaluation of proposed U.S. federal level climate change policies and China's emerging nationwide emissions trading program to reduce carbon dioxide emissions.
His work also explores the sustainability of natural resources and well-being in several countries.
Results from his work have been published in academic journal articles as well as in the book, Confronting the Climate Challenge: Options for US Policy, which was published by Columbia University Press in 2017.
His work often employs a general equilibrium analytical framework that integrates the economy and the environment and links the activities of government, industry, and households. The research considers both the aggregate benefits and costs of various policies as well as the distribution of policy impacts across industries, income groups, and generations. Some of his work involves collaborations with climate scientists, biologists, and engineers.
Goulder has conducted analyses for several government agencies, business groups, and environmental organizations, and has served on advisory committees to the U.S. Environmental Protection Agency and the California Air Resources Board.
The Bowman Family Endowed Professor in Humanities and Sciences, Senior Fellow at the Freeman Spogli Institute and at the Stanford Institute for Economic Policy Research and Professor, by courtesy, of History
Current Research and Scholarly InterestsEuropean economic history: the historical development of economic institutions, their interrelations with political, social and cultural factors and their impact on economic growth.
Barbara Kimball Browning Professor in the School of Humanities and Sciences and Senior Fellow at the Stanford Institute for Economic Policy Research
BioDavid B. Grusky is Barbara Kimball Browning Professor in the School of Humanities and Sciences, Director of the Stanford Center on Poverty and Inequality, and coeditor of Pathways Magazine. His research addresses the changing structure of late-industrial inequality and addresses such topics as (a) the role of rent-seeking and market failure in explaining the takeoff in income inequality, (b) the amount of economic and social mobility in the U.S. and other high-inequality countries (with a particular focus on the “Great Gatsby” hypothesis that opportunities for social mobility are declining), (c) the role of essentialism in explaining the persistence of extreme gender inequality, (d) the forces behind recent changes in the amount of face-to-face and online cross-class contact, and (e) the putative decline of big social classes. He is also involved in projects to improve the country’s infrastructure for monitoring poverty, inequality, and mobility by exploiting administrative and other forms of “big data” more aggressively. His recent books include Social Stratification (2014), Occupy the Future (2013), The New Gilded Age (2012), The Great Recession (2011), The Inequality Reader (2011), and The Inequality Puzzle (2010).
A.A. and Jeanne Welch Milligan Professor, Senior Fellow at the Hoover Institution and at the Stanford Institute for Economic Policy Research, Professor of History and, by courtesy, of Economics
BioStephen Haber is A.A. and Jeanne Welch Milligan Professor in the School of Humanities and Sciences and Peter and Helen Bing Senior Fellow of the Hoover Institution at Stanford University. He is also Professor of Political Science, Professor of History, and Professor of Economics (by courtesy), a Senior Fellow of the Stanford Institute for Economic Policy Research, and a Senior Fellow of the Stanford Center for International Development. Haber’s research spans a number of academic disciplines, including comparative politics, financial economics, and economic history. He has authored, coauthored, or edited ten books, and his papers have been published in journals such as American Political Science Review, World Politics, International Security, the Journal of Economic History, the Hispanic American Historical Review, the Journal of Banking and Finance, and the Journal of International Business Studies. Haber's most recent book, Fragile by Design: The Political Origins of Banking Crises and Scarce Credit (coauthored with Charles Calomiris) was published by Princeton University Press in 2014. His current research focuses on two areas: the impact of geography on the long-run evolution of economic and political institutions; and the political conditions under which societies sustain intellectual property systems that promote innovation.
Professor of Political Science, Senior Fellow at the Stanford Institute for Economic Policy Research and Professor, by courtesy, of Political Economics at the Graduate School of Business
BioAndrew Hall is a Professor of Political Science and, by courtesy, a Professor of Political Economy at the Graduate School of Business. He is the co-director of the Democracy & Polarization Lab and a Senior Fellow at the Stanford Institute for Economic Policy Research. Currently, Hall’s research group is focused on understanding how to preserve democracy and safely administer elections in the time of COVID-19, how to reduce or manage political polarization, and how state and local governments in the United States can become more dynamic and better able to grow, build, and innovate.
Hearst Professor and Senior Fellow at the Stanford Institute for Economic Policy Research
Current Research and Scholarly InterestsMedia economics, journalism, economics of regulation
Paul and Jean Hanna Senior Fellow at the Hoover Institution, by courtesy at the Stanford Institute for Economic Policy Research and Professor, by courtesy, of Education
BioEric Hanushek is the Paul and Jean Hanna Senior Fellow at the Hoover Institution of Stanford University. He has been a leader in the development of economic analysis of educational issues. His widely-cited research spans many policy-related education topics. His latest book, The Knowledge Capital of Nations: Education and the Economics of Growth, identifies the close link between the skills of the people and the economic growth of the nation. He has authored or edited 24 books along with over 250 articles. He is a Distinguished Graduate of the United States Air Force Academy and completed his Ph.D. in economics at the Massachusetts Institute of Technology. (http://hanushek.stanford.edu/)
William Benjamin Scott and Luna M. Scott Professor of Law, Professor of Political Science and Senior Fellow at the Stanford Institute for Economic Policy Research
BioDaniel E. Ho is the William Benjamin Scott and Luna M. Scott Professor of Law at Stanford Law School, Professor of Political Science, Senior Fellow at the Stanford Institute for Economic Policy Research, Associate Director of the Stanford Institute for Human-Centered Artificial Intelligence, and Director of the Regulation, Evaluation, and Governance Lab (RegLab).
He is also a Faculty Fellow at the Center for Advanced Study in the Behavioral Sciences, Faculty Affiliate at the Woods Institute for the Environment, and Faculty Affiliate at the Wilson Sheehan Lab for Economic Opportunities.
His scholarship centers on quantitative empirical legal studies, with a substantive focus on administrative law and regulatory policy, antidiscrimination law, and courts. He received his J.D. from Yale Law School and his Ph.D. in political science from Harvard University, and clerked for Judge Stephen F. Williams on the U.S. Court of Appeals, District of Columbia Circuit. His research has appeared in journals such as the Stanford Law Review, the Yale Law Journal, the N.Y.U. Law Review, the Journal of the American Statistical Association, the American Statistician, the Journal of Law, Economics, and Organization, the American Economic Journal: Economic Policy, Quarterly Journal of Political Science, Political Analysis, the Journal of Legal Studies, and the Journal of Empirical Legal Studies. He is the recipient of numerous awards, including the John Bingham Hurlbut Award for Excellence in Teaching at Stanford Law School (2010), the Warren Miller prize for the best paper published in Political Analysis (2008), and the Pi Sigma Alpha award for the best paper delivered at the Midwest Political Science Association meeting (2004). He served as President for the Society of Empirical Legal Studies (2011-12) and as co-editor of the Journal of Law, Economics, and Organization (2013-16).
Associate Professor of Political Economy at the GSB, Senior Fellow at the Freeman Spogli Institute, at the Stanford Institute for Economic Policy Research & Associate Professor, by courtesy, of Political Science and of Economics
BioSaumitra Jha is an Associate Professor of Political Economy at Stanford’s Graduate School of Business, and, by courtesy, of Economics and of Political Science.
Saumitra holds a BA from Williams College, master’s degrees in economics and mathematics from the University of Cambridge, and a PhD in economics from Stanford University. Prior to joining the GSB, he was an Academy Scholar at Harvard University. He has been a Fellow of the Niehaus Center for Globalization and Governance and the Center for the Study of Democratic Politics at Princeton University and received the Michael Wallerstein Award for best published article in Political Economy from the American Political Science Association in 2014 for his research on ethnic tolerance. Saumitra has consulted on economic and political risk issues for the United Nations/ WTO and the World Bank.
Senior Fellow at the Stanford Institute for Economic Policy Research, at the Precourt Institute for Energy and at the Woods Institute for the Enviornment and Professor, by courtesy, of Economics
Current Research and Scholarly InterestsMy research interests are broadly in environmental economics and related areas of industrial organization and public economics. My policy-related focus within these fields is climate change and energy markets.
I currently have several projects related to uncertainty and learning in strategic contexts regarding the provision of public goods. For the most part, the application is international environmental agreements. This work is primarily theoretical, though with some empirical and experimental work to validate and illuminate theory. I also have research interests in energy economics (particularly regulation) and other dimensions of the economics of climate change.
I welcome new PhD students who wish to study with me. Typically, my students train to be environmental or resource economists, which means they receive strong training in economics. At Stanford this means successfully taking the first year PhD sequences in microeconomics (Econ 202-204) and econometrics (Econ 270-272) offered by the Department of Economics. In addition, students should take the PhD classes Economics 250 (Environmental Economics) and 251 (Resource and Energy Economics). This is a minimum and other coursework would depend on student interest and needs. Strong preparation in math is essential.
There are a number of PhD programs at Stanford that are appropriate for someone seeking training as an environmental economist. In addition to the Department of Economics, there are several other departments in which students may apply and matriculate, including the Emmet Interdisciplinary Program in Environment and Resources (E-IPER).
William Neukom Professor in Law and Senior Fellow at the Stanford Institute for Economic Policy Research
Current Research and Scholarly Interestsintellectual property, Internet, and antitrust law; law and AI/robotics
Professor of Earth System Science and Senior Fellow at the Freeman Spogli Institute, at the Woods Institute for the Environment and at the Stanford Institute for Economic Policy Research
Current Research and Scholarly InterestsWe study the interactions between food production, food security, and the environment using a range of modern tools.
Professor of Economics and Senior Fellow at the Hoover Institution and at the Stanford Institute for Economic Policy ResearchOn Leave from 10/01/2020 To 03/30/2021
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.
Eva Meyersson Milgrom
Sr Research Scholar
BioDr Eva M Meyersson Milgrom is an American and Swedish social scientist publishing both in economic and sociology academic journals.
Dr Meyersson Milgrom is a senior research scholars and a teacher at Stanford University, and affiliated with the Department of Sociology and Stanford Institute of Economic Policy and SIEPR. She has been a visiting professor at GSB Stanford University, Sloan School of Business MIT, and at the Haas School of Business, University of California at Berkeley. She has been a visiting scholar at Department of Sociology, Harvard University and a guest scholar at Northwestern University NICO, Northwestern institute on Complex Systems November 2008. Between 1988 and 1998 Meyersson Milgrom was a research scholar at the Institute of Industrial Organization (IUI), (today IFN), Stockholm Sweden.
Dr Meyersson Milgrom’s major contributions have mainly been in three areas: corporate governance (executive compensation), organization and labor markets (wage-, promotion- and productivity gender differences) and social networks (composition and compensation of executive teams and firm performance). Dr Meyersson Milgrom has served as an expert witness on executive compensation and on board composition. She has also consulted on topics such as gender equity, how to organize for changing strategy, and the problems with ad hoc groups.
Dr Meyersson Milgrom has been teaching and developed courses such as “An International Comparison of Corporate Governance Systems” and “Global Organizations, the Matrix of Change” in countries like China, Rwanda, Sweden and United States. She has also organized workshops, developed courses and taught classes on “Labor Market Analysis of Extreme Political Violence. The case of suicide missions.”
Dr Meyersson Milgrom is married to Paul R Milgrom and she is the daughter of Per-Martin Meyerson and Ulla Meyerson and has a son Erik M Dahman Meyersson, a daughter in-law Sarah Dahman Meyersson, two bonus children Elana and Joshua Thurston-Milgrom and a bonus grandson Shepherd.
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.