Peak signal power is an important factor in the implementation of multicarrier (MC) modulation schemes like OFDM, in wireless and wireline communication systems. This book describes tools necessary for analyzing and controlling the peak-to-average power ratio in MC systems, and how these techniques are applied in practical designs. The author starts with an overview of multicarrier signals and basic tools and algorithms, before discussing properties of MC signals in detail: discrete and continuous maxima; statistical distribution of peak power; codes with constant peak-to-average power ratio are all covered, concluding with methods to decrease peak power in MC systems. Current knowledge, problems, methods and definitions are summarized using rigorous mathematics, with an overview of the tools for the engineer. The book is aimed at graduate students and researchers in electrical engineering, computer science and applied mathematics, and practitioners in the telecommunications industry.