Changes

Cramton and Associates have secured their fees at 1% for the first round, 2% for the second round, and 4% for the third round. There is a floor of $1 million USD and a ceiling of $5 million on the third round. The escalation of prices helps account for the higher cost of expenses due to offering multiple application rounds.<ref>[http://www.circleid.com/posts/20130107_rationale_for_tld_applicant_auctions_to_resolve_string_contentions/ Rationale for TLD Applicant Auctions to Resolve String Contention, CircleID.com]</ref>

Cramton and Associates have secured their fees at 1% for the first round, 2% for the second round, and 4% for the third round. There is a floor of $1 million USD and a ceiling of $5 million on the third round. The escalation of prices helps account for the higher cost of expenses due to offering multiple application rounds.<ref>[http://www.circleid.com/posts/20130107_rationale_for_tld_applicant_auctions_to_resolve_string_contentions/ Rationale for TLD Applicant Auctions to Resolve String Contention, CircleID.com]</ref>

[[Peter Cramton|Dr. Cramton]] has conducted research on auction theory and practice since 1983, and has facilitated a variety of high stakes auctions, including a large variety of government auctions for resource rights and distribution rights, with [[Cramton Associates]].<ref>[http://www.cramton.umd.edu/ca/ About, Cramton.umd.edu/ca]</ref> Highlights from his high-profile and unique auction experience includes holding the world's first auction on greenhouse gas emissions in the UK in 2002, designing electricity and gas markets in Colombia, and leading the FAA process to auction airport runway slots for New York City airports.<ref name="Cramton Home">[http://www.cramton.umd.edu/ca/ Home, Cramton.umd.edu/ca]Retrieved 7 Jan 2013]</ref>

Peter Cramton has conducted research on auction theory and practice since 1983, and has facilitated a variety of high stakes auctions, including a large variety of government auctions for resource rights and distribution rights, with [[Cramton Associates]].<ref>[http://www.cramton.umd.edu/ca/ About, Cramton.umd.edu/ca]</ref> Highlights from his high-profile and unique auction experience includes holding the world's first auction on greenhouse gas emissions in the UK in 2002, designing electricity and gas markets in Colombia, and leading the FAA process to auction airport runway slots for New York City airports.<ref name="Cramton Home">[http://www.cramton.umd.edu/ca/ Home, Cramton.umd.edu/ca]Retrieved 7 Jan 2013]</ref>

'''His slides from his most recent presentation on his auction plan, including results and analysis of a mock auction, [http://www.cramton.umd.edu/aa/cramton-applicant-auction-conference-slides.pdf can be found here].'''

'''His slides from his most recent presentation on his auction plan, including results and analysis of a mock auction, [http://www.cramton.umd.edu/aa/cramton-applicant-auction-conference-slides.pdf can be found here].'''