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A proposed auction design for incentive auctions is given. The two-sided auctions enable the exchange of spectrum from …
Persistent link: https://www.econbiz.de/10010878412
Persistent link: https://www.econbiz.de/10010878413
A comprehensive book on combinatorial auctions?auctions in which bidders can bid on packages of items. The book … by Vernon Smith, an introduction to combinatorial auctions, and twenty-three cross-referenced chapters in five parts … testing the performance of combinatorial auctions, including simulation and experiment. Part V considers four important …
Persistent link: https://www.econbiz.de/10004997796
I study the design of auctions of natural resources, such as oil or mineral rights. A good auction design promotes both …
Persistent link: https://www.econbiz.de/10004997821
while nurturing the supporting on-shore infrastructure. This paper discusses the design of auctions for wind rights in which … price is the sole factor of competition. A second paper, Ausubel and Cramton (2011), extends the analysis to auctions in …
Persistent link: https://www.econbiz.de/10010575700
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 …
Persistent link: https://www.econbiz.de/10010575701
CCA to spectrum auctions have tended to place most or all reliance on a monotonicity condition in eligibility points. This …
Persistent link: https://www.econbiz.de/10010575702
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...
Persistent link: https://www.econbiz.de/10010575705
Capacity markets are a means to assure resource adequacy. The need for a capacity market stems from several market failures the most prominent of which is the absence of a robust demand-side. Limited demand response makes market clearing problematic in times of scarcity. We present the economic...
Persistent link: https://www.econbiz.de/10010575709
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 …
Persistent link: https://www.econbiz.de/10010575717