Design matters, and the Federal communications commission spectrum auction design that Milgrom pioneered kicked off a new era of market design using economic theory to make real markets work better.

Market models in economics have not lost their importance, but the recent years have led to many new insights and principles for the design of markets, which are beyond traditional economic theory.

While his path to economics may not have been a linear one, his work on market design, industrial organization, game theory, and auctions has fundamentally reframed how economists view group behavior ...

Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: In the dynamic world of Online Auction Markets, the ...