Paul Milgrom is an American economist known for his contributions to auction theory and market design. He was born on April 20, 1948, and is a professor at Stanford University. Milgrom's work has significantly influenced how auctions are conducted, particularly in the context of selling public resources like radio spectrum. In 2020, he was awarded the Nobel Prize in Economic Sciences alongside Robert Wilson for their advancements in auction theory. Their research has helped improve the efficiency of auctions and has been applied in various fields, including telecommunications and public policy.