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Cramton Associates LLC

Since 1993, Cramton Associates has provided expert advice on auctions and market design to clients worldwide in many industries. Its founder, Peter Cramton, is a leading expert on auction design and auction strategy. For twenty-five years he has advised governments in the design and implementation of simple and effective auction markets. He also has advised bidders participating in high-stake auction markets in many countries and industries.

Since 2006, Pat Sujarittanonta has worked with Peter Cramton in the development of auction markets and in advising bidders participating in high-stake auctions. Pat began full-time work with Cramton Associates in January 2011. In May 2012 he returned to Thailand to join the Faculty of Economics at Chulalongkorn University, but continues to work with Cramton Associates as a Principal on a part-time basis.

Since 2008, Robert Day has worked with Peter Cramton in the design, implementation, and testing of complex auction markets, especially combinatorial spectrum auctions. Bob is an associate professor of operations and information management at the University of Connecticut.

In 2014, David Malec joined Cramton Associates as a Principal. David is primarily working on computational and algorithmic issues in the FCC Incentive Auction scheduled to take place in April 2016. David is also a post-doc at the Economics Department of the University of Maryland.

In 2018, Emmanuele Bobbio joined Cramton Associates as a Principal. Emmanuele is primarily working on economic modeling in energy and transport markets. He is also a post-doc at the Economics Department of the University of Cologne, where he teaches auction theory and market design.

For their analyses, experts at Cramton Associates make use of the most powerful tools available for data visualization, mathematical and statistical analysis, optimization and presentation. Our work is documented in highly-cited research papers and in regulatory filings.

We work with our affiliates, Innovative Auctions Ltd and Power Auctions LLC, in the design and implementation of state-of-the-art auction markets.

The bios of Peter Cramton, Pat Sujarittanonta, Robert Day, David Malec, and Emmanuele Bobbio follow.

Peter Cramton, Chair

peter-cramton-italy-head-200x205 Professor Peter Cramton
Cramton Associates LLC
6418 Dahlonega Rd
Bethesda MD 20816
+1 240 479 9345
pcramton@gmail.com
www.cramton.umd.edu

Peter Cramton is Professor of Economics at the University of Maryland. Since 1983, he has conducted research on auction theory and practice. This research appears in the leading economics journals. The main focus is the design of auctions for many related items. Applications include spectrum auctions, electricity auctions, and treasury auctions. On the practical side, he is Founder and Chairman of Cramton Associates LLC, which since 1993 has provided expert advice on auctions and market design. Since 2001, he has played a lead role in the design and implementation of electricity auctions in France and Belgium, gas auctions in Germany, and the world’s first auction for greenhouse gas emissions held in the UK in 2002. He has advised numerous governments on market design and has advised dozens of bidders in high-stake auction markets. Since 1997, he has advised ISO New England on electricity market design and was a lead designer of New England’s forward capacity auction. He led the design of electricity and gas markets in Colombia, including the Firm Energy Market, the Forward Energy Market, and the Long-term Gas Market. Since June 2006, he played a leading role in the design and development of Ofcom’s spectrum auctions in the UK. He has advised the UK, the US, and Australia on greenhouse gas auction design. He led the development of the FAA’s airport slot auctions for the New York City airports. He received his B.S. in Engineering from Cornell University and his Ph.D. in Business from Stanford University.

Pat Sujarittanonta, Principal

Pat Sujarittanonta
Cramton Associates LLC
6418 Dahlonega Rd
Bethesda MD 20816
+66 81 644 2958
pacharasut@gmail.com

Pacharasut (Pat) Sujarittanonta is a Professor of Economics at Chulalongkorn University, Thailand, and a Principal of Cramton Associates LLC. His research focuses on auctions and market design. He has worked on a variety of issues such as spectrum auctions, antitrust and M&A. He has provided advice on spectrum auction design and strategy to governments and bidders in over 10 countries. He also has extensive experience in design and competition issues in wholesale electricity markets in the United States. He received his Ph.D. in Economics from the University of Maryland and earned an M.A. in Economics and Finance and First Class Honor B.Eng. in Computer Engineering from Chulalongkorn University.

Robert Day, Principal

Robert Day
Cramton Associates LLC
6418 Dahlonega Rd
Bethesda MD 20816
+1  860 486 5293
Bob.Day@business.uconn.edu

Robert Day is a leader in auction design research, with several billions of dollars in revenue generated for government consulting clients in telecommunications regulation. His work emphasizes the synthesis of cutting-edge ideas from Computer Science, Economics, and Operations Research. With a PhD in Applied Mathematics and Operations Research from the University of Maryland and additional research in Hospital Management, Scheduling, Grid Computing, Decision Analysis, and Non-Transferable-Utility Allocation, his work has been recognized with the Dantzig Dissertation Award and the INFORMS Computing Society Prize. He is currently Associate Professor of Operations and Information Management at the University of Connecticut, and Co-director of the Management and Engineering for Manufacturing Program.

David Malec, Principal

David Malec
Cramton Associates LLC
6418 Dahlonega Rd
Bethesda MD 20816
+1 847 302 3978
dlmalec@gmail.com

David Malec is a Principal of Cramton Associates LLC and a post-doc at the Economics Department of the University of Maryland. His research focuses on topics on the interface between the fields of computer science and economics, and how complex economic settings can be approached algorithmically.  Of particular interest is how algorithmic techniques in approximation can be used to design near-optimal economic mechanisms in settings where exactly-optimal have proven elusive, and how such techniques can be adapted to take advantage of the types of information available in practical economic settings. His work has appeared in top conferences in algorithmic game theory and theoretical computer science.  He received his B.A. in Computer Science and Mathematics from Lake Forest College in 1997, and his Ph.D. in Computer Science from the University of Wisconsin, Madison in 2014.

Emmanuele Bobbio, Principal

Emmanuele Bobbio
Cramton Associates LLC
6418 Dahlonega Rd
Bethesda MD 20816
ec.bobbio@gmail.com

Emmanuele Bobbio is a Principal of Cramton Associates LLC. and a postdoctoral research scholar at the Economics Department of the University of Cologne. His research focuses on market design. He is main applications are in modeling energy investment markets and designing markets for real-time road pricing to address congestion and emission externalities.