At the end of September, Professor Peter Cramton was appointed Fellow of the Econometric Society. This makes Prof. Cramton one of an elite group of 50 other newly appointed scientists from renowned universities around the world.
Founded in 1930, the Econometric Society is an international society for the advancement of economic theory with a focus on statistics and mathematics. As a non-profit, scientific and independent society, the Econometric Society's main objective is to promote studies dealing with economic problems. It also publishes the leading economic journals Econometrica, Quantitative Economics and Theoretical Economics.
New Fellow candidates are nominated by Members, Fellows and a Fellows Nominating Committee. A prerequisite for election, according to the Statutes, is outstanding contributions to economic theory or to statistical, mathematical or accounting analyses that are clearly related to problems in economics. Fellows hold voting rights within the Econometric Society for the annual elections of officers, Council and in the election of new Fellows.
Prof. Peter Cramton is Professor of Economics at the University of Cologne and the University of Maryland (Emeritus since 2018). He has been researching auction theory and practice since 1983, with a focus on the design of auctions for many related goods. While he has introduced innovative market designs in many industries, he has also advised many governments on market design and dozens of bidders in large auction markets. He received his B.S. in Engineering from Cornell University and his Ph.D. in Business from Stanford University. Prof. Cramton first joined the International Faculty of the University of Cologne in 2015 and filled the chair Economics: Market Design in 2018.