Professor Peter Cramton
University of Cologne
50923 Cologne, Germany
+1 240 479 9345
Peter Cramton is Professor of Economics at the University of Cologne and the University of Maryland (Emeritus since 2018). Since 1983, he has conducted research on auction theory and practice. This research appears in leading economics journals. The focus is the design of auction-based markets. Applications include communications, electricity, and financial markets. On the practical side, he is an independent director on the board of the Electric Reliability Council of Texas and an advisor and chief economist to several companies. Since 1993, he has advised 13 governments and 41 bidders in spectrum auctions. He is a co-inventor of the spectrum auction design used in Canada, Australia, and many European countries to auction spectrum. Since 2001, he has played a lead role in the design and implementation of electricity and gas auctions in North America, South America, and Europe. He has advised on the design of carbon auctions in Europe, Australia, and the United Sates, including conducting the world’s first greenhouse-gas auction held in the UK in 2002. He has led the development of innovative auctions in new applications, such as auctions for airport ambienbuy.net slots, wind rights, diamonds, medical equipment, and Internet top-level domains. He received his B.S. in Engineering from Cornell University in 1980 and his Ph.D. in Business from Stanford University in 1984.
These pages are a collection of papers by Peter Cramton and his co-authors. The main topics are auctions, bargaining, and market design, including both theoretical and empirical studies. Highlights displays a few of my most important papers and books. The auction and market design papers are primarily concerned with auction design, especially in communications, electricity, finance, health, and transport. The bargaining papers focus on the role of time and information in bargaining. Applications include union contract negotiations. There are also several papers on climate policy. All papers are available in pdf format. Published papers are copyrighted by the publisher. Users may make a single copy of published papers for educational purposes.