EconArt develops and disseminates innovative technologies that help bidders and auctioneers make effective decisions.
EconArt's clients range from governments needing help in designing and running auctions to private sector companies needing assistance in procuring, selling or bidding in auctions EconArt's public and business sector clients are getting valuable insights from our powerful decision supporting suite that help them make better and faster decisions. EconArt's decision supporting suites, for auctioneers and for bidders, are the outcome of the combination of deep academic understanding, data analysis and forecasting abilities and extensive real world experience in various and diverse industries.
EconArt's team of highly motivated experts brings 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 of state-of-the-art methods, cutting-edge auction designs and creative ideas to identify new opportunities for gains and ways to minimize risk.
The company is managed by its founding partners - Dr. Shaul Almakias, Dr. Yariv Welzman and Ilan Patashnik. Dr. Almakias and Dr. Welzman have extensive academic experience and successfully implemented economic and game theoretic models to designing and planning procurement processes. They have successfully consulted auctioneers and bidders in dozens of large and significant auctions.
The company has extensive experience in all types of auctions, including sealed bid, dynamic auctions, clock auctions and combinatorial auctions, both for the procurement and the sale of products and services.
EconArt's mission is to help bidders and auctioneers perform better by empowering them with data-driven analysis they need in order to make better decisions.