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Paul Milgrom is the Shirley R. and Leonard W. Ely Jr. Professor in Humanities and Sciences. He is also co- director of the Program on Market Design at ÿÈÕ³Ô¹Ï, which supports research into the ways that the rules of an auction, exchange, or other market affect its performance. He is a member of the National Academy of Sciences, a fellow of the American Academy of Arts and Sciences, the holder of an honorary doctorate from the Stockholm School of Economics, and winner of the 2008 Nemmers Prize in economics.