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{{CompanyInfo|

{{CompanyInfo|

| logo            = Cramton-Associates-Logo.png

| logo            = Innovative auctions logo.png

| bronzesponsor = ICANNWiki [[Sponsorship|Bronze Sponsor]]

| bronzesponsor = ICANNWiki [[Sponsorship|Bronze Sponsor]]

| type            =  

| type            =  

}}

}}

'''Cramton Associates''' specializes in providing advice on auction and market design for multiple industries in many different countries. It was founded by Chairman [[Peter Cramton]], who is a lead expert on auction design and strategy. He is aided by [[Pat Sujarittanonta]] as Affiliate.<ref>[http://www.cramton.umd.edu/ca/ Cramton Associates], cramton.umd.edu.ca. Retrieved 30 December 2012.</ref> The firm is offering [[gTLD Auctions|gTLD auction]] services to applicants in contention in [[ICANN]]'s [[New gTLD Program]].

'''Innovative Auctions''' specializes in providing advice on auction and market design for multiple industries in many different countries. It was founded by Chairman [[Peter Cramton]], who is a lead expert on auction design and strategy. He is aided by [[Pat Sujarittanonta]] as Affiliate.<ref>[http://www.cramton.umd.edu/ca/ Cramton Associates], cramton.umd.edu.ca. Retrieved 30 December 2012.</ref> The firm is offering [[gTLD Auctions|gTLD auction]] services to applicants in contention in [[ICANN]]'s [[New gTLD Program]].

==Products and Services==

==Products and Services==

Cramton Associates offers complex analyses services, with the following points of interest:<ref>[http://www.cramton.umd.edu/ca/tools/ Tools], cramton.umd.edu.ca. Retrieved 30 December 2012.</ref>

Innovative Auctions offers complex analyses services, with the following points of interest:<ref>[http://www.cramton.umd.edu/ca/tools/ Tools], cramton.umd.edu.ca. Retrieved 30 December 2012.</ref>

* '''Data Visualization''' - Visual data presentation via Tableau.

* '''Data Visualization''' - Visual data presentation via Tableau.

* '''Mathematical Analysis''' - Projections of data and possibilities, including the simulation of alternative auction designs, via Mathematica and MatLab.

* '''Mathematical Analysis''' - Projections of data and possibilities, including the simulation of alternative auction designs, via Mathematica and MatLab.

==ICANN New gTLD Auctions==

==ICANN New gTLD Auctions==

In response to the need to determine winners of contention sets for each TLD applied for by more than one applicant, numerous companies have offered their own models [[gTLD Auctions|gTLD auction models]] in contrast to ICANN's private auctions, which are by definition a last resort. Cramton Associates has designed a private auction in conjunction with Innovative Auctions Limited, competing with [[Sedo]] and [[Right of the Dot]]. All three groups offer slight variations on implementation and services but share commonalities in their proposed models. In all cases, the winner will pay the amount of the second-highest bid, and money will be split either equally or proportionally between the losers, so that all applicants receive a percentage of their initial investment back.<ref name="worldipreview">[http://www.worldipreview.com/newsstory.asp?ID=46 New gTLD applicants ponder private auctions], WorldIPreview.com. Published 14 November 2012. Retrieved 6 December 2012.</ref> All applicants must agree to participate in a private auction model in order for it to proceed; otherwise, the contention set will be managed via ICANN's auction system, in which all proceeds go to ICANN as "excess funds" that will be allocated at a later date.<ref>[http://www.slate.com/articles/technology/future_tense/2012/11/icann_s_gtld_auction_proceeds_should_be_used_to_bring_mesh_technologies.html ICANN, Make a Difference], Slate.com. Published 27 November 2012. Retrieved 6 December 2012.</ref>

In response to the need to determine winners of contention sets for each TLD applied for by more than one applicant, numerous companies have offered their own models [[gTLD Auctions|gTLD auction models]] in contrast to ICANN's private auctions, which are by definition a last resort. Innovative Auctions has designed a private auction in conjunction with Innovative Auctions Limited, competing with [[Sedo]] and [[Right of the Dot]]. All three groups offer slight variations on implementation and services but share commonalities in their proposed models. In all cases, the winner will pay the amount of the second-highest bid, and money will be split either equally or proportionally between the losers, so that all applicants receive a percentage of their initial investment back.<ref name="worldipreview">[http://www.worldipreview.com/newsstory.asp?ID=46 New gTLD applicants ponder private auctions], WorldIPreview.com. Published 14 November 2012. Retrieved 6 December 2012.</ref> All applicants must agree to participate in a private auction model in order for it to proceed; otherwise, the contention set will be managed via ICANN's auction system, in which all proceeds go to ICANN as "excess funds" that will be allocated at a later date.<ref>[http://www.slate.com/articles/technology/future_tense/2012/11/icann_s_gtld_auction_proceeds_should_be_used_to_bring_mesh_technologies.html ICANN, Make a Difference], Slate.com. Published 27 November 2012. Retrieved 6 December 2012.</ref>

During [[ICANN 45]] in Toronto, [[Peter Cramton]] outlined an "ascending clock" model, where a price is increased by the auctioneer at each stage; bidders and sellers can then either drop out or bid on the increased amount.<ref name="domainincite">[http://domainincite.com/10828-heres-how-donuts-wants-to-resolve-its-158-new-gtld-contention-fights Here's how Donuts wants to resolve its 158 new gTLD contention fights]. Domain Incite. Published 2012 October 23. Retrieved 2012 November 13.</ref> This model is also preferred by [[Right of the Dot]], though it has also proposed "sealed bid" and "live auction" models. In a sealed bid model, applicants securely send money via a courier and packages are stored in a safe place until they are opened at the auction session.<ref name="worldipreview"></ref>

During [[ICANN 45]] in Toronto, [[Peter Cramton]] outlined an "ascending clock" model, where a price is increased by the auctioneer at each stage; bidders and sellers can then either drop out or bid on the increased amount.<ref name="domainincite">[http://domainincite.com/10828-heres-how-donuts-wants-to-resolve-its-158-new-gtld-contention-fights Here's how Donuts wants to resolve its 158 new gTLD contention fights]. Domain Incite. Published 2012 October 23. Retrieved 2012 November 13.</ref> This model is also preferred by [[Right of the Dot]], though it has also proposed "sealed bid" and "live auction" models. In a sealed bid model, applicants securely send money via a courier and packages are stored in a safe place until they are opened at the auction session.<ref name="worldipreview"></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].'''

Cramton Associates' model is preferred by the largest [[TLD]] applicant, [[Donuts]].<ref>[http://domainincite.com/10828-heres-how-donuts-wants-to-resolve-its-158-new-gtld-contention-fights Here's How Donuts Wants To Resolve its 158 Contention Fights, DomainIncite.com]Published 23 Oct 2012, Retrieved 8 Jan 2013</ref> [[Raymond King]], applicant for 10 TLDs with [[Top Level Design]] expressed his favor for Private Auctions in general, and Cramton Associates specifically in an [http://www.circleid.com/posts/20130102_private_vs_icann_auction_of_last_resort/ opinion piece on CircleID]. Several other parties have also expressed that they will use the model designed by Cramton, including [[.CLUB_Domains_LLC]]<ref>[http://dotclubregistry.wordpress.com/2013/05/29/club-domains-llc-set-to-particpate-in-private-auction-for-the-new-top-level-domain-club-company-raises-3-5-million-financing/ .club Domains headed to private auction for new gTLD .club</ref> and [[Demand Media]]<ref>[http://unitedtld.com/blog/o74geglafca7inqzxq4r1hy7v944ii Readying for the First Private gTLD Applicant Auction]</ref>

Innovative Auctions' model is preferred by the largest [[TLD]] applicant, [[Donuts]].<ref>[http://domainincite.com/10828-heres-how-donuts-wants-to-resolve-its-158-new-gtld-contention-fights Here's How Donuts Wants To Resolve its 158 Contention Fights, DomainIncite.com]Published 23 Oct 2012, Retrieved 8 Jan 2013</ref> [[Raymond King]], applicant for 10 TLDs with [[Top Level Design]] expressed his favor for Private Auctions in general, and Innovative Auctions specifically in an [http://www.circleid.com/posts/20130102_private_vs_icann_auction_of_last_resort/ opinion piece on CircleID]. Several other parties have also expressed that they will use the model designed by Cramton, including [[.CLUB_Domains_LLC]]<ref>[http://dotclubregistry.wordpress.com/2013/05/29/club-domains-llc-set-to-particpate-in-private-auction-for-the-new-top-level-domain-club-company-raises-3-5-million-financing/ .club Domains headed to private auction for new gTLD .club</ref> and [[Demand Media]]<ref>[http://unitedtld.com/blog/o74geglafca7inqzxq4r1hy7v944ii Readying for the First Private gTLD Applicant Auction]</ref>

==References==

==References==

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