the simultaneous ascending-clock auction format that has been used for virtually all VPP auctions to date, elaborating on …

price is the sole factor of competition. A second paper, Ausubel and Cramton (2011), extends the analysis to auctions in …

The present invention primarily concerns hybrid auctions that may, for example, combine a clock auction with a proxy … auction. Hybrid auctions include multi-item auctions that comprise at least two phases of package auctions: an earlier phase … in which bidders participate in a clock auction (or other dynamic auction); and a later phase in which bidders …

In the original proposal for the combinatorial clock auction (Ausubel, Cramton and Milgrom, 2006), a revealed … clock auction stage, we propose a hybrid revealed-preference/eligibility-point approach, in which the current round’s bid …

providers, government leaders, and auction experts. A major part of the event was the conduct of a mock auction based on the … auction design proposed in Cramton (2011a). This design addresses the fatal flaws in the CMS design (Letter from experts 2010 … (Merlob et al. 2010), and in practice (Ausubel and Cramton 2004, 2006). This paper presents the mock auction results. The mock …

We examine bidding behavior in a clock auction in which price is set by the lowest-accepted bid and provisional winners … are reported each round (the LABpw auction). This format was used in the India 3G spectrum auction. In the standard theory …, the auction performs poorly. In particular it yields lower revenues and is less efficient than the more standard clock …

In the fall of 2010, 167 auction experts from top universities around the country sent a letter to Congress expressing …

On November 2, nearly one year after bids were taken for the Centers for Medicare and Medicaid Services (CMS) auction … Medicare beneficiaries. This radical transformation of the industry is the result of a fatally flawed auction design and not … majority of Medicare providers in the nine service areas covered by the auction. Beneficiaries will face poor service …