| Preston Mcafee |
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McAfee is the author of over seventy articles published in scholarly economics journals, many of them on auctions and bidding, and co-author of a book ''Incentives in Government Procurement.'' McAfee served as one of four economists who edit the in 2003. McAfee is a recognized expert in Industrial Organization , and has been hired as a consultant by the U.S. Department Of Justice , Antitrust Division and the Federal Trade Commission . McAfee has advised on matters concerning Mergers , Collusion , Price-fixing , Electricity pricing, bidding, procurement, sales of government property. In 1994-5, McAfee extensively advised the Federal Communications Commission on the design of auctions for spectrum to be used for personal communications services. McAfee advised the Federal Trade Commission on the mergers of Exxon and Mobil , and British Petroleum and ARCO , and testified in the FTC v. Rambus and U.S. versus Oracle Corporation on the competitive effects of the proposed Peoplesoft-Oracle merger. Prior to joining Caltech, McAfee was the Murray S. Johnson Chair in Economics at the University Of Texas At Austin , and served as department chair in 1998. Previously, McAfee was a visiting professor at Caltech and a professor at the University Of Western Ontario . McAfee received the Ph.D. in economics from Purdue University in 1980, Master's degrees in both mathematics and economics in 1978 from Purdue, and the Bachelor's degree in economics, summa cum laude and Phi Beta Kappa , from the University Of Florida in 1976. McAfee has been extensively involved in the creation of markets to replace government administrative procedures, including sale of the use of the radio frequencies, and the establishment of a marketplace for electricity. In 1994, the U.S. Federal Communications Commission chose an auction designed by Paul Milgrom , Robert B. Wilson and McAfee for the sale of the radio spectrum for new communications services, and raised over $17 billion. This auction was copied around the world. McAfee, Milgrom, Wilson and John McMillan formed a company, Market Design, Inc. {Link without Title} , that assists governments in the sale of radio frequencies, mineral rights, airports, and other assets. |
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