Lawrence M. Ausubel is Professor of Economics in the Department of Economics at the University of Maryland. Professor Ausubel has published widely on auctions, bargaining, the credit card market, and other aspects of industrial organization and financial markets. His most recent articles, including “An Efficient Dynamic Auction for Heterogeneous Commodities” (AER, June 2006), “An Efficient Ascending-Bid Auction for Multiple Objects” (AER, December 2004) and “Ascending Auctions with Package Bidding” (joint with Paul Milgrom, BEPress, August 2002), can be downloaded from this site. In addition, he was recently awarded his fifth patent, “System and Method for an Efficient Dynamic Multi-Unit Auction” (U.S. Patent No. 7,165,046 issued on January 16, 2007).

He has also testified before the U.S. Congress and the National Bankruptcy Review Commission as an expert on bankruptcy issues, and in court as an economics expert. 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. He is also president of Market Design Inc.

This web site includes a collection of materials by Lawrence M. 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.