Location History:
- Palo Alto, CA (US) (2004 - 2012)
- Cambridge, MA (US) (2012)
- Stanford, CA (US) (2010 - 2023)
Company Filing History:
5 out of 21 
4 out of 4 
2 out of 2 Years Active: 2004-2023
Title: The Innovations of Paul R. Milgrom
Introduction
Paul R. Milgrom, an innovative inventor based in Stanford, CA, has made significant contributions to the field of auction design and allocation systems. With a prolific career that includes 16 patents, Milgrom stands out as a thought leader in the realm of economic theory and practical applications of auctions.
Latest Patents
Two notable patents in Milgrom's portfolio include the "Impression allocation system and methods using an auction that considers losing bids" and the "System for configuration and implementation of an assignment auction or exchange." The former involves an advanced delivery engine, statistics collector, forecasting module, and optimization engine, all aimed at enhancing the efficiency and total value produced by auction systems. It preserves incentives for performance bidders to bid honestly and mitigates adverse selection against publishers. The latter patent outlines a method for configuring and executing auctions while allowing flexibility in the presentation of auction data to bidders, thus optimizing the allocation of items among various participants.
Career Highlights
Throughout his illustrious career, Milgrom has been associated with prominent companies such as Efficient Auctions LLC and Perfect Commerce, LLC. His work has profoundly influenced auction theory and practical implementations, enhancing the effectiveness of bidding processes across various industries.
Collaborations
Milgrom has had the opportunity to collaborate with notable figures in the field, including Lawrence M. Ausubel and Marc Porat. These collaborations have further enriched his work, allowing for a cross-pollination of ideas and innovations that advance auction-related technologies.
Conclusion
Paul R. Milgrom's contributions to the fields of auction design and impression allocation systems exemplify his innovative spirit and dedication to enhancing economic efficiency. With a strong foundation in both theory and application, Milgrom continues to shape the future of auction systems through his patents and collaborative efforts.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.