Expertise

ECONART brings a wealth of knowledge in the fields of auctions, economics and game theory. EconArt combines deep academic understanding and extensive real world experience in conducting auctions in diverse industries. We bring the ability to integrate academic rigorous analysis with a thorough understanding of market realities to deliver the highest value for our clients. We collaborate with the world's leading auction consulting firms to ensure the use of state-of-the-art methods and cutting-edge auction designs.

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Services

EconArt specializes in all types of auctions. EconArt's league of experts has long-standing experience in applying economic and game theoretic analysis to designing and implementing many large auctions. EconArt combines this expertise and experience into a software service offering that ensures a smooth and efficient operation of the auctions we support, and minimizes risk for our clients. EconArt doesn't stop at software sales. Our team and resources are available for our clients at every step of the way. EconArt provides services in four primary areas:

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Auction Design and Implementation – using our auction simulation software, coupled with game theoretic and experimental methods, we provide tailored solutions so that the auction design meets our clients' specific needs.
Advising Bidders – using our suite of analysis tools for performing competition assessment, game theoretic analysis, and running simulations, we help bidders optimize their bidding strategy.
Economic Consulting and Algorithm Design – developing strategies, studies, reports, expert testimony, policy recommendations for government authorities and corporations, statistical and econometric analysis, big data analysis and designing and building custom algorithms to solve complex problems.

Accomplishments

The advice we provided to bidders in high stakes procurement auctions has resulted in substantially higher revenues and profits for our clients. On other occasions, when advising auctioneers, our auction design and procurement structuring resulted in significant cost savings and higher value for money for the buyers. We have delivered auction designs and advised bidders across multiple industries, including: telecommunications, energy, computers, vehicles, transportation, construction projects, and others. We have extensive experience with online auction systems used for running dynamic auctions in the public as well as in the private sectors.