[ Ausubel ] [ Cramton ] [ McAfee ] [ Milgrom ]
Chairman of the Board
||Department of Economics
University of Maryland
at the University of Maryland.
Peter Cramton is Professor of
Economics at the University of Maryland,
Chairman of Market Design Inc. and
Spectrum Exchange, and President
of Criterion Auctions. His
research focuses on auctions, bargaining, and market exchange. Most of his
recent work has addressed design and incentive questions in auctions and
bargaining. He has served as an auction expert for numerous companies in
spectrum auctions and electricity auctions. He has advised the FCC and several
foreign governments on the design and implementation of spectrum auctions.
Cramton has designed electricity auctions in New England, California, and
France. In e-commerce, he has led the design effort for several market makers
developing business-to-business trading applications. Before joining the
Maryland faculty in 1993, he was an Associate Professor at Yale University and a
National Fellow at the Hoover Institution at Stanford University. He has
published numerous articles on auction theory, auction practice, and bargaining
in major journals. Cramton received his B.S. in Engineering from Cornell
University and his Ph.D. in Business from Stanford University.