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 two decades 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 in many 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, but continues to work with Cramton Associates as an Affiliate on a part-time basis.
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, Market Design Inc. and Power Auctions LLC, in the design and implementation of state-of-the-art auction markets.
We maintain a Market Design blog at cramton.umd.edu.
The bios of Peter Cramton and Pat Sujarittanonta follow.
Peter Cramton, Chairman
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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 Chairman of Market Design Inc., an economics consultancy founded in 1995, focusing on the design of auction markets. He also 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, Affiliate
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Pat Sujarittanonta Cramton Associates LLC 6418 Dahlonega Rd Bethesda MD 20816 +66 81 644 2958 pacharasut@gmail.com |
Pacharasut (Pat) Sujarittanonta is an Affiliate at Cramton Associates LLC. His research focuses on auctions and market design, particularly discrete auctions. He has worked on a variety of issues such as spectrum auction, antitrust and merger and acquisition. He has advised wireless companies and led the development of bid tracking tools for several spectrum auctions. He has extensive experience in analyzing bidding behavior and conducting simulations of wholesale electricity markets. Sujarittanonta received his First Class Honor B.Eng. in Computer Engineering and his M.A. in International Economics and Finance from Chulalongkorn University, Thailand and is received his Ph.D. in Economics from the University of Maryland, College Park.