Home Page of Lawrence M. Ausubel


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Professor Lawrence M. Ausubel
Department of Economics
University of Maryland
College Park MD 20742-7211

phone +1.301.405.3495
fax +1.202.318.0863
email ausubel@econ.umd.edu


Lawrence M. Ausubel is Professor of Economics in the Department of Economics at the University of Maryland. Professor Ausubel is regarded as a leading expert on auction theory and market design. He has also published widely on bargaining, industrial organization, financial markets and the credit card market. He is the author of a number of highly-cited academic articles on efficient auction design, one of which proposes a format that has become known as the “Ausubel auction”. He has been awarded 23 U.S. patents relating to auction technology and he has several other patents pending.

He has also testified before the U.S. Congress and the National Bankruptcy Review Commission as an expert on credit card and bankruptcy issues, and in court as a leading expert on the economics of the credit card market. Before joining the University of Maryland faculty, he taught at the Kellogg Graduate School of Management at Northwestern University. Professor Ausubel received his A.B. in Mathematics from Princeton University, his M.S. in Mathematics from Stanford University, his M.L.S. in Legal Studies from Stanford Law School, and his Ph.D. in Economics from Stanford University.

Professor Ausubel is also founder and chairman of Power Auctions LLC, a leading international provider of software and design services for high-stakes auctions. (He was also President of Market Design Inc. (MDI) until its dissolution in 2016.) Power Auctions was founded in 2003 as a provider of auction design, auction software, auction management services, auction strategy and intellectual property, all under one roof. It has an unparalleled track record in the design and implementation of over 250 high-stakes auctions across six continents and in advising bidders in many other high‑stakes auctions. In the telecom sector, Power Auctions is prime contractor for auction services to the US Federal Communications Commission (FCC), Innovation Science and Economic Development (ISED) Canada, and the Australian Communications and Media Authority (ACMA). Other clients include the US Bureau of Ocean Energy Management, ISO New England, National Grid UK, ICANN, the Okavango Diamond Company, Three UK, and the World Bank.

This web site includes a collection of materials by Professor Ausubel and his co-authors. Most of the materials are available in Adobe Acrobat .pdf format. Please note that most of the materials located here are copyrighted. Users are permitted to make a single copy of the materials for educational purposes, but are not permitted to redistribute the materials in any form.

© 2020 Lawrence M. Ausubel