User profiles for P. Milgrom

Paul Milgrom

Professor of Economics, Stanford University
Verified email at stanford.edu
Cited by 112573

Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

LR Glosten, PR Milgrom - Journal of financial economics, 1985 - Elsevier
… we take p = 1; this is just a normalization. Generally, a high p indicates a desire to invest for
the future; a low p indicates … We allow the possibility that p might follow a different distribution …

[BOOK][B] Putting auction theory to work

PR Milgrom - 2004 - books.google.com
… Professor Milgrom's research has been published in the leading journals in economics,
including … Professor Milgrom is internationally known for his work in spectrum auction designs. …

Good news and bad news: Representation theorems and applications

PR Milgrom - The Bell Journal of Economics, 1981 - JSTOR
This is an article about modeling methods in information economics. A notion of "favorableness"
of news is introduced, characterized, and applied to four simple models. In the equilibria …

Rational expectations, information acquisition, and competitive bidding

PR Milgrom - Econometrica: Journal of the Econometric Society, 1981 - JSTOR
… Then it is apparent from Figure 1 that i will be well pleased with his bid p(x), because the
price w is less than his estimated valuation of the objects g(x, w), and his bid causes him to win …

[PDF][PDF] Caries management by risk assessment: consensus statement, April 2002

…, KJ Donly, P Glassman, P Milgrom… - Journal of the …, 2003 - Taylor & Francis
… Donly, DDS, MS; Paul Glassman, DDS, MA, MBA; Peter Milgrom… Lynch H, Milgrom P, Xylitol
and dental caries: An overview … Glassman P, Miller C, Dental disease prevention and people …

What the seller won't tell you: Persuasion and disclosure in markets

P Milgrom - Journal of Economic Perspectives, 2008 - aeaweb.org
… My coauthor and I provide the most general statement of the result in Milgrom and Roberts
(… making a report S, the seller also sets the price p of its product. In response, the buyer makes …

The contribution of dietary factors to dental caries and disparities in caries

C Mobley, TA Marshall, P Milgrom, SE Coldwell - Academic pediatrics, 2009 - Elsevier
Frequent consumption of simple carbohydrates, primarily in the form of dietary sugars, is
significantly associated with increased dental caries risk. Malnutrition (undernutrition or …

A theory of auctions and competitive bidding

PR Milgrom, RJ Weber - Econometrica: Journal of the Econometric Society, 1982 - JSTOR
p of winning and a corresponding expected payment e(p). (We take e(p) to be the lowest
expected payment associated with an action which obtains the object with probability p.) It is …

Information, trade and common knowledge

P Milgrom, N Stokey - Journal of economic theory, 1982 - Elsevier
… Thus, trader i knows that an event A has occurred i R be the meet of the partitions P, ,..., P,,
and for any w EB define R(w) to be the element of R that contains w. (The meet of a collection …

Auctions and bidding: A primer

P Milgrom - Journal of economic perspectives, 1989 - aeaweb.org
… Suppose that P(p) is the probability that a price bid of p will be lowest and suppose that
the bidder's production cost per unit is c. Then he will choose his bid p to maximize expected …