EconArt Information

Expertise EconArt combines deep academic understanding and extensive real world experience in various and diverse industries. We bring the ability to integrate academic rigorous analysis with a thorough understanding of market realities to deliver the highest possible value for our clients. We collaborate with the world's leading auction consulting firms to ensure the use state-of-the-art methods and cutting-edge auction designs. Services EconArt is an economic consulting firm of experts dedicated to applying economic and game theoretic analysis to address complex business challenges. EconArt provides services in three primary areas: 1. Auction Design and Implementation – using game theory and experimental methods, we provide tailored solutions so that the auction design meets our clients' specific needs. 2. 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. 3. 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. Success 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 mutiple 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.