Peter Cramton is a Chief Economist

Peter Cramton puts on a new entrepreneurial market design hat, with Rivada Networks

Rivada Networks Names Peter Cramton as Chief Economist

"Rivada Networks has appointed Prof. Peter Cramton as its Chief Economist. Rivada CEO Declan Ganley said: “Professor Cramton is one of the world’s leading authorities on auction design.” Ganley added, “Rivada’s technology will turn wireless bandwidth into the world’s next great commodity. Peter’s expertise will ensure that wireless bandwidth trades in a competitive, state-of-the-art marketplace open to all stakeholders that seek access to wireless networks in the future.”

“Rivada’s technology allows us, for the first time, to create a truly open market for wireless bandwidth access, tearing down barriers to entry and permitting new business models and new entrants to emerge.”

"In his new role, Prof. Cramton will work with the Rivada team to design and development Rivada’s patented Telecommunication Commodity Exchange. Together with Rivada’s Dynamic Spectrum Arbitrage technology, the exchange will permit the buying and selling of capacity on LTE wireless networks in discrete units of both time and space.

“I am excited to bring my market design expertise to develop Rivada’s essential idea: an open access wireless market.”” Prof. Cramton said, “The bandwidth exchange lets wholesale operators efficiently trade spectrum in annual, monthly, and real-time auctions.” He continued: “Rivada’s technology allows us, for the first time, to create a truly open market for wireless bandwidth access, tearing down barriers to entry and permitting new business models and new entrants to emerge.”