A few NotebookLM generated podcasts from Peter Cramton
by Peter Cramton
Electrifying nearly everything is necessary as the world transitions to net zero carbon emissions. Electricity demand will double with rapid innovation in supply and demand. As the share of intermittent renewables, primarily solar and wind, grows and extreme weather events become more frequent, balancing supply and demand every second becomes more challenging. Restructured wholesale markets provide real-time balancing. The market determines clearing prices that balance supply and demand, motivating operations to maximize social welfare. Prices vary by time and place. Electricity prices, typically about $40 per megawatt-hour, may be negative when renewable production is high and thousands of dollars during extreme weather. Participants attempt to manage this risk with forward trade, but several market failures limit risk management and undermine efficient investment. Electricity markets have struggled with these challenges for decades. Our market platform addresses the cr
Episodes
-
Soft-Floor Auctions: Harnessing Regret to Improve Efficiency and Revenue
A soft-floor auction asks bidders to accept an opening price to participate in an ascending auction. If no bidder accepts, lower bids are considered using first-price rules. Soft floors are common despite being irrelevant with standard assumptions. When bidders regret losing, soft-floor auctions...
-
Canadian Mobile Broadband: An Open Access Future
On 7 April 2025, TheFutureEconomy.ca published Peter Cramton's "The Future of Mobile Broadband Can Arrive Early in Canada." Cramton envisions a future for Canada's mobile broadband through an "open access" model. It critiques the current regulatory landscape involving the CRTC and ISED, which the...
-
Beyond the myths of social choice and a market design look at voting rules
This episode discusses a foundational paper by David Pearce and an applied paper on voting rules by Peter Cramton and his co-authors. Economists’ conceptions of utility and welfare reflect misguided attempts to mimic the physical sciences. The resulting tangle of ideas about meaninglessness,...
-
Policy Tracker podcast with Peter Cramton on TIMO, the Thailand Independent Market Operator
In this episode of the Spectrum Policy podcast, Martin Sims interviews Peter Cramton, an expert in spectrum auctions and economics. They discuss the proposal for a wholesale spectrum regulator in Thailand, exploring the evolution of spectrum auctions, the challenges faced by mobile…
more -
Universal service in Thailand. What policy is best?
Peter Cramton's response to a telecommunications journalist on February 12, 2025, outlines a market-based approach to achieving universal service in the global communications market. He critiques traditional methods, such as buildout obligations or administratively allocated subsidies, and...
-
Flow trading brings transparent and efficient pricing to electricity markets
Two papers propose innovative market designs to improve efficiency and transparency in financial and energy markets. One paper models electricity market dynamics using a regime-switching model to simulate realistic price distributions and explore hedging strategies. The other paper introduces…
more -
San Diego’s coastal train is train is unsustainable. Why is SANDAG denying it?
Over the past 20 years, it has become increasingly clear that the 61-mile San Clemente to San Diego segment of the coastal train is unsustainable. The region's coast is eroding at 6 inches annually. The train is a few feet from the bluff's edge in Del Mar and nearly in the surf in San Clemente....
-
Five Wellesley Freshmen and Jo's Remarkable Story
This photo is from Webb House at Wellesley College in 1946. The five freshmen are Harriet Cramton, wife of Roger Cramton, Mollie Kramer Hughes, wife of 'Turk' Hughes, Nicole De Messiere, Joanna Rogers Macy, and Mitzi Shfrin. Mollie's music brought us together. She is playing a guitar in the…
more -
Peter Cramton believes he has a good idea to improve electricity markets
Peter Cramton contends that the forward energy market, as presented in Cramton, Peter; Brandkamp, Simon; Chao, Hung-po; Dark, Jason; Hoy, Darrell; Kyle, Albert S. et al. (2025): A Forward Energy Market to Improve Reliability and Resiliency, is a sound proposal to improve competition and…
more -
Peter, "Are all golfers idiots?"
This is a fun take on the distribution of intelligence across professions.
-
Comparision of Platform Take Rates
Peter Cramton asked three questions of Perplexity.AI about platform take rates. 1) Companies often take a percentage when the platform they provide to others is used for financial transactions. For example, Substack takes 10% and its payment processor, Stripe, takes 2%. Google Ads takes about 40%...
-
Thailand Independent Mobile Operator to foster competition and innovation
Summary In this conversation, Peter Cramton discusses the complexities of the Thai telecom market, focusing on the duopoly between AIS and True. He introduces the concept of TIMO, a proposed independent market entity designed to enhance competition and consumer choice. Cramton draws parallels…
more -
An open access global communications market
An open-access market design is presented to manage network congestion and optimize network use and value. Open access eliminates the walled-garden approach; instead, it commoditizes communications network capacity while decentralizing access to a transparent wholesale market. It ensures that...
-
A forward energy market
Electrifying nearly everything is necessary as the world transitions to net zero carbon emissions. Electricity demand will double with rapid innovation in supply and demand. As the share of intermittent renewables, primarily solar and wind, grows and extreme weather events become more frequent,...
About this show
Electrifying nearly everything is necessary as the world transitions to net zero carbon emissions. Electricity demand will double with rapid innovation in supply and demand. As the share of intermittent renewables, primarily solar and wind, grows and extreme weather events become more frequent, balancing supply and demand every second becomes more challenging. Restructured wholesale markets provide real-time balancing. The market determines clearing prices that balance supply and demand, motivating operations to maximize social welfare.
Prices vary by time and place. Electricity prices, typically about $40 per megawatt-hour, may be negative when renewable production is high and thousands of dollars during extreme weather. Participants attempt to manage this risk with forward trade, but several market failures limit risk management and undermine efficient investment. Electricity markets have struggled with these challenges for decades.
Our market platform addresses the cr
Hosted by
Peter Cramton
Categories