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Dr. '''Peter Cramton''' is a Professor of Economics at the University of Maryland, where he has taught since 1993. He is also an Affiliate of Agriculture and Resource Economics at the University.<ref name="Vita">[http://www.cramton.umd.edu/vita/ Vita, Cramton.umd.edu] Retrieved 8 Jan 2013]</ref> He is a leading expert and researcher on auction theory and practice, and has been involved in the field since 1983. His firm, [[Cramton Associates]], is one of 3 prominent firms offering [[gTLD Auctions|gTLD Auction]] services to gTLD applicants in contention that wish to resolve their contention sets via private auctions rather than ICANN Auctions.<ref name="Home">[http://www.cramton.umd.edu/ Cramton.UMD.edu]Retrieved 8 Jan 2013]</ref> That is, given that there are more than 700 TLDs that have been applied for by more than one party a winner must be determined. ICANN has provided for an "Auction of Last Resort" but trusts that most applicants can resolve their own contention sets before this. The Private Auction model is an instance of innovation within the community to address the intricacies of the ICANN gTLD delegation process.<ref name= "Ray CircleID">[http://www.circleid.com/posts/20130102_private_vs_icann_auction_of_last_resort/ Private v. ICANN Auction, CircleID.com]Published 2 Jan 2013, Retrieved 8 Jan 2013</ref>

Dr. '''Peter Cramton''' is a Professor of Economics at the University of Maryland, where he has taught since 1993. He is also an Affiliate of Agriculture and Resource Economics at the University.<ref name="Vita">[http://www.cramton.umd.edu/vita/ Vita, Cramton.umd.edu] Retrieved 8 Jan 2013]</ref> He is a leading expert and researcher on auction theory and practice, and has been involved in the field since 1983. His firm, [[Cramton Associates]], is one of 3 prominent firms offering Private [[gTLD Auctions|gTLD Auction]] services to gTLD applicants in contention.<ref name="Home">[http://www.cramton.umd.edu/ Cramton.UMD.edu]Retrieved 8 Jan 2013]</ref> That is, given that there are more than 700 TLDs that have been applied for by more than one party a winner must be determined. ICANN has provided for an "Auction of Last Resort" but trusts that most applicants can resolve their own contention sets before this. The Private Auction model is an instance of innovation within the community to address the intricacies of the ICANN gTLD delegation process.<ref name= "Ray CircleID">[http://www.circleid.com/posts/20130102_private_vs_icann_auction_of_last_resort/ Private v. ICANN Auction, CircleID.com]Published 2 Jan 2013, Retrieved 8 Jan 2013</ref>

Previous teaching positions include two positions at the Yale School of Management at Yale University, first as an Assistant Professor of Decision Theory and later as an Associate Professor of Economics and Management.  Dr. Cramton was also a National Fellow of the Hoover Institution at Stanford University.<ref name="Vita"></ref>

Previous teaching positions include two positions at the Yale School of Management at Yale University, first as an Assistant Professor of Decision Theory and later as an Associate Professor of Economics and Management.  Dr. Cramton was also a National Fellow of the Hoover Institution at Stanford University.<ref name="Vita"></ref>