Milgrom assumed a teaching position at the Kellogg School of Management at Northwestern University where he served from 1979 to 1983. Milgrom was part of a group of professors including future Nobel laureate Roger Myerson, Bengt Holmstrom, Nancy Stokey, Robert J. Weber, John Roberts and Mark Satterthwaite that helped to bring game theory and information economics to bear on a wide range of problems in economics such as pricing, auctions, financial markets, and industrial organization.