We analyze the implications of different pricing rules in discrete clock auctions. The two most common pricing rules … market; under LAB, the winners pay the highest price that clears the market. In theory, both the HRB and LAB auctions …

We analyze the implications of different pricing rules in discrete clock auctions. The two most common pricing rules … market; under LAB, the winners pay the highest price that clears the market. Both the HRB and LAB auctions maximize revenues …

licenses. While these rules have performed well in the auctions conducted so far (and would perform even better with the design … individual-license pricing when licenses are complementary. In simultaneous ascending-price auctions, from a bidder's perspective …

We evaluate a number of possible enhancements to the FCC auctions. We consider only changes to the current auction … summarizes and extends our e-mail exchanges with FCC staff on this topic. A subsequent report will cover auctions with … combination bids. Overall, the FCC spectrum auctions have been an enormous success. However, there are two design goals in the …

. Securities that are widely held are purchased in auctions for individual securities. Securities with concentrated ownership are … of each security. We study bidding behavior and performance of sealed-bid uniform-price auctions and dynamic clock … auctions. The clock and sealed-bid auctions resulted in similar prices. However, the clock auctions resulted in substantially …