auctionomics.com

Milgrom interview in Conjuntura Econômica (Brasil)

admin — Tue, 12 Apr 2011 18:57:50 +0000

Dr. Milgrom is interviewed in Conjuntura Econômica, a prominent business/economics journal in Brasil.

“It is a consensus among Economists that Paul Milgrom´s contributions on Auction Theory, Game Theory, Organizational Economics and Finance put him on a short-list for the Nobel Prize in Economics. On top of his academic contributions, Milgrom has also had a key role in the design of real world markets over the last years. He has also advised bidders in many high-profile auctions. In this interview, Professor Milgrom discusses the rules used to auction-off spectrum in Brazil, the rules that will prevail for the pre-salt layer oil blocks and some general principles for the design of real world” [exerpt]

The original article is in portugese.

Milgrom and colleagues with FCC at the White House

steve — Wed, 06 Apr 2011 19:01:19 +0000

A group of prominent economists including Auctionomics’ Paul Milgrom convened with FCC chairman Julius Genachowski and Austan Goolsbee, chairman of the President’s Council of Economic Advisers. They urged legislators to adopt rules that enable the FCC to design and run incentive auctions to allow broadcasters to relinquish under-used spectrum allocations for higher-value uses like mobile broadband.

Milgrom, a Stanford economist, echoed the point that Congress should avoid digging into the weeds. “Setting up an auction involves some details that the FCC has shown itself capable of doing in the past. It would be very hard to write [specific rules] into legislation and get it right the first time,” he said. “The FCC needs to be allowed the flexibility to do this correctly.”

Milgrom honored with Berglas Lecture

steve — Mon, 04 Apr 2011 23:01:24 +0000

Paul Milgrom of Stanford University and Auctionomics, Inc. deliveredthe Berglas Lecture for 2011 at Tel Aviv University. The topic is the importance of budget constraints in auctions.

Watch a video of the talk here: http://vimeo.com/21729271 (courtesy of Tel Aviv University)

Reed Hundt, former chairmain of the FCC, joins the board of Advisors

steve — Mon, 04 Apr 2011 22:59:25 +0000

On September 11th Reed Hundt visited the Auctionomics office and joined the Auctionomics board of advisors. Hundt was the chairman of the United States Federal Communications Commission when the first major auction for radio spectrum was desgined and run, and a … Continue reading →

Auctionomics is awarded a National Science Foundation grant

admin — Thu, 31 Mar 2011 14:02:02 +0000

Auctionomics has been awarded an SBIR (Small Business Innovative Research) from the National Science Foundation grant to develop the technology of using budgets in multi-product auctions.

San Francisco Business Times Article

admin — Thu, 31 Mar 2011 14:01:13 +0000

Paul Milgrom is sold on auction technology. Now he’s just got to sell it to the rest of the world.

The long-time Stanford economics professor and acclaimed auction design guru is taking leave from the university to concentrate full-time on Auctionomics, the company he co-founded this year. Palo Alto-based Auctionomics designs auction software based on years of Milgrom’s research of auctions and economic theory.

The company provides a software-as-a-service product that allows web sites to run their own auctions. But there’s a lot more to it than just allowing the highest bidder to win. Auctionomics software allows users to cap how much they want to spend in multiple auctions going on simultaneously. It can also let users set preferences.

Milgrom founded the company with Stanford Ph.D. and entrepreneur Silvia Console Battilana and Steve Goldband, most recently director of private sector initiatives at the Stanford University Center on Longevity, where he helped commercialize faculty inventions. The team is boot-strapping the company, and will seek venture capital later this year.
Full article at http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/08/03/smallb2.html