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His career was initially marked by important contributions to auction theory and mechanism design.
The linkage principle is a finding of auction theory.
A very good modern textbook on auction theory.
This also led to the first of his several seminal articles on auction theory (Milgrom, 1979b).
A recent textbook; see Chapter 11, which presents auction theory from a computational perspective.
Most auction theory revolves around these four "standard" auction types.
The revenue equivalence theorem remains the centrepiece of modern auction theory.
A collection of seminal papers in auction theory.
Auction theory: A guide to the literature.
Some economists believe based on auction theory, auctions are the most efficient method of allocating resources.
The same game also finds application in auction theory if bidders must make simultaneous bids.
It has important applications in several fields, including artificial intelligence, machine learning, mathematics, auction theory, and software engineering.
Although extremely important in auction theory, in practice Vickrey auctions are rarely used.
Topics include auction theory and fair division.
Professor Milgrom is an expert in game theory, specifically auction theory and pricing strategies.
One of the major findings of auction theory is the celebrated revenue equivalence theorem.
PEMs are based on game theory and combinatorial auction theory.
It has originated auction theory, a subfield of game theory (Bayesian games).
He outlined that two broad theoretical and practical efforts defined the field: auction theory and matching theory.
Auction theory.
He works on industrial economics, competition policy, auction theory, and climate change economics and policy.
The media hoopla accompanying the announcement may even have hastened the death of William Vickrey, who won in 1996 for his modern auction theory.
His current research interests include Alternative models of computation, computing with solitons; auction theory and applications, agent-based market simulation.
His papers (many of which are co-authored with Jeremy Bulow) apply ideas from auction theory to other economic contexts, including finance and political economy.
Apart from these kinds of setting, the Exponential Mechanism has also been studied in the context of auction theory and classification algorithms.