Congratulations to WEAI Past President Paul Milgrom
Co-recipient of the 2020 Nobel Prize in Economics
Milgrom served as WEAI President 2007-2008. He and Wilson, along with Preston McAfee (former Economic Inquiry Editor), are best known for the simultaneous ascending auction, which was developed for the USFCC's allocation and sale of mobile-phone frequencies. Their ideas have been applied to everything from aircraft landing slots to fishing quotas, and now renewable energy as well.