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 auctions and market design, with a focus on the design of complex markets to best achieve goals. Applications include electricity markets, financial markets, and auctions for radio spectrum. He has introduced innovative market designs in many industries. Cramton has advised numerous governments on market design and dozens of bidders in major auctions. He is chief economist and advisor for startups in finance, insurance, and communications. From 2015-2021, he was an independent director of the board of the Electric Reliability Council of Texas (ERCOT). He received his B.S. in Engineering from Cornell University and his Ph.D. in Business from Stanford University.
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.