Forward Market Design
Peter CramtonElectrifying nearly everything is necessary as the world transitions to net zero carbon emissions. Electricity demand will double with rapid innovation in supply and demand. As the share of intermittent renewables, primarily solar and wind, grows and extreme weather events become more frequent, balancing supply and demand every second becomes more challenging. Restructured wholesale markets provid... more
| Publishes | Daily | Episodes | 14 | Founded | 9 months ago |
|---|---|---|---|---|---|
| Categories | Social SciencesTechnologyScience | ||||
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Latest Episodes
A soft-floor auction asks bidders to accept an opening price to participate in an ascending auction. If no bidder accepts, lower bids are considered using first-price rules. Soft floors are common despite being irrelevant with standard assumptions. W... more
On 7 April 2025, TheFutureEconomy.ca published Peter Cramton's "The Future of Mobile Broadband Can Arrive Early in Canada." Cramton envisions a future for Canada's mobile broadband through an "open access" model. It critiques the current regulatory l... more
This episode discusses a foundational paper by David Pearce and an applied paper on voting rules by Peter Cramton and his co-authors.
Economists’ conceptions of utility and welfare reflect misguided attempts to mimic the physical sciences. The resul... more
In this episode of the Spectrum Policy podcast, Martin Sims interviews Peter Cramton, an expert in spectrum auctions and economics. They discuss the proposal for a wholesale spectrum regulator in Thailand, exploring the evolution of spectrum auctions... more
Peter Cramton's response to a telecommunications journalist on February 12, 2025, outlines a market-based approach to achieving universal service in the global communications market. He critiques traditional methods, such as buildout obligations or a... more
Two papers propose innovative market designs to improve efficiency and transparency in financial and energy markets. One paper models electricity market dynamics using a regime-switching model to simulate realistic price distributions and explore hed... more
Over the past 20 years, it has become increasingly clear that the 61-mile San Clemente to San Diego segment of the coastal train is unsustainable. The region's coast is eroding at 6 inches annually. The train is a few feet from the bluff's edge in De... more
This photo is from Webb House at Wellesley College in 1946. The five freshmen are Harriet Cramton, wife of Roger Cramton, Mollie Kramer Hughes, wife of 'Turk' Hughes, Nicole De Messiere, Joanna Rogers Macy, and Mitzi Shfrin. Mollie's music brought us... more
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Apple Podcasts | #235 |  Japan/Science/Social Sciences |
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