Departmental Seminar with Peter CRAMTON (University of Maryland)

Peter Cramton is Professor of Economics Emeritus at the University of Maryland and International Research Fellow at the Max Planck Institute for Research on Collective Goods. He is also a Faculty Affiliate in Agriculture and Resource Economics at the University of Maryland.

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. He 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).

Peter Cramton's website

He will present work on electricity market design, based on a paper, joint with Simon Brandkamp, Jason Dark, Darrell Hoy, David Malec, Axel Ockenfels, and Chris Wilkens, at the next Departmental Seminar:

Use Prices to Encourage Efficient Operation and Investment of Critical Infrastructure As We Transition to Net Zero (read work, in particular first entry)

The next Departmental Seminar will host Job BOERMA (University of Wisconsin-Madison) on May 19th.