Professor
Paul David Klemperer
University of Oxford
Economist; Educator
Area
Social and Behavioral Sciences
Specialty
Economics
Elected
2005
International Honorary Member
Contributor to industrial economics, competition policy, and auction theory. Introduced the now widely used concept of strategic complements to study oligopoly (with Bulow and Geanakoplos). Developed the theory of consumer switching costs.
Invented new auction designs, including the “Product Mix Auction” introduced by the Bank of England in the financial crisis. Designed other auctions including (with Binmore) the British 3G telecom auction. Showed how to apply auction-theoretic techniques in other fields.
Invented new auction designs, including the “Product Mix Auction” introduced by the Bank of England in the financial crisis. Designed other auctions including (with Binmore) the British 3G telecom auction. Showed how to apply auction-theoretic techniques in other fields.
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