Contact Information
Darin Lee, Ph.D.
LECG-Cambridge
350 Massachusetts Ave, Suite 300
Cambridge, MA 02139
+1-617-761-0108
Darin_Lee@lecg.com
Industry Expertise
Wireless Spectrum
Airport Slots
Energy Markets
Auction Rate Securities
Areas of Expertise
Auction design
Auction rules analysis
Bidding strategy and bidder support
Custom auction software tools
Game theory analysis
License valuation
War room design and build-out
Bidding protocol design
Simulations, training and mock auctions
Regulatory advice and testimony
Litigation support
Auctions are complex, high-stakes games requiring a specialized and experienced team of experts. Because most auction rules are necessarily complex, to compete effectively in an auction requires access to both cutting-edge academic game theorists, experienced auction consultants and specialized software developers. LECG's auction team combines renowned scholars with highly experienced and credentialed auction consultants that bring unparalleled experience in formulating and implementing auction solutions for auction market participants, policymakers and legal teams.
Bidder Support and Auction Software
Our auction experts have led bidding teams in many of the world's largest auctions. Our experts develop strategies based on comprehensive analysis of the risks and opportunities contained in the auction rules combined with a client's objectives, competitive analyses and risk tolerances. Further, through training and simulations of the auction design, we help prepare bidders for scenarios they are likely to face during the auction. Our team also develops custom software tools to assist in performing auction simulations, managing the auction information, and performing up-to-the-minute analyses. Our experts assist in setting up the bidding facilties (i.e., "war-room") and in developing protocols for conducting the bidding. In addition, we provide our clients with on-site support throughout the auction to assist in implementing the bidding strategy and ensuring that the auction process runs as smoothly as possible.
Market Design & Implementation
LECG's auction experts are also experienced in the design of auction and market mechanisms across a variety of industries. Our auction team can provide the expertise that is required to design and implement a market-based mechanisms that promote our clients' objectives, such as transparency, efficiency, and revenue generation. Perhaps more importantly, our experts provide clients with unbiased advice on both the pros and cons of auctions versus other market-based mechanisms to help them decide if auctions makes sense given the prevailing economic and/or regulatory environment.
Litigation & Regulatory Support
LECG's auction experts also assist law firms and corporate counsel in litigation, mediation, arbitration, settlement negotiations, and regulatory proceedings involving auctions and other market mechanisms. We have assisted clients on matters involving bid rigging, auction rate securities, airport slot auctions and bankruptcy. We can assist legal teams understand the nuances of an auction's design, bidders' incentives and likely bid strategies and provide independent and objective expert testimony.