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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 …
Persistent link: https://www.econbiz.de/10004988763
An effective package bidding mechanism addresses three problems: the exposure problem (the risks a bidder faces in trying to construct an efficiently large combination of licenses), the free-rider problem (the difficulties small bidders have in beating those who bid for larger packages of...
Persistent link: https://www.econbiz.de/10004988793
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 …
Persistent link: https://www.econbiz.de/10004988797
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
individual items. Computer scientists are interested in combinatorial auctions because they are concerned with the expressiveness … mathematical programming, who are fascinated by the idea of applying these tools to auctions. Auctions have been studied … extensively by economists, of course. Thus, the newly emerging field of combinatorial auctions lies at the intersection of …
Persistent link: https://www.econbiz.de/10004997805