Peter Cramton

Peter Cramton is Professor of Economics at the University of Cologne and the University of Maryland. Since 1983, he has conducted research on auction theory and practice. The main focus is the design of auctions for many related items. Applications include auctions for radio spectrum, electricity, and financial securities. He has introduced innovative market designs in many industries. He has advised numerous governments on market design and dozens of bidders in major auction markets. He received his B.S. in Engineering from Cornell University and his Ph.D. in Business from Stanford University.