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Discrete Clock Auctions: An Experimental Study
Cramton, Peter; Filiz-Ozbay, Emel; Ozbay, Erkut; … - University of Maryland, Department of Economics - Peter … - 2010
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 …
Persistent link: https://www.econbiz.de/10008460856
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The 700 MHz Spectrum Auction: An Opportunity to Protect Competition In a Consolidating Industry
Cramton, Peter; Skrzypacz, Andrzej; Wilson, Robert - University of Maryland, Department of Economics - Peter … - 2007
Persistent link: https://www.econbiz.de/10004997793
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Economist Letter to NTIA on 700 MHz Spectrum Auction
Cramton, Peter; Skrzypacz, Andrzej; Wilkie, Simon; … - University of Maryland, Department of Economics - Peter … - 2007
auctions and the impact of various rules on auction revenues. …
Persistent link: https://www.econbiz.de/10004997798
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Common-Value Auctions with Liquidity Needs: An Experimental Test of a Troubled Assets Reverse Auction
Cramton, Peter; Ausubel, Lawrence M.; Filiz-Ozbay, Emel; … - University of Maryland, Department of Economics - Peter … - 2009
. 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 …
Persistent link: https://www.econbiz.de/10004997800
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Revenues in the 700 MHz Spectrum Auction
Cramton, Peter; Skrzypacz, Andrzej; Wilson, Robert - University of Maryland, Department of Economics - Peter … - 2007
There have been several comments that criticize auction rules that prevent the two major low-frequency incumbents from winning all of the newly available spectrum and incorporating it into their proprietary networks. Such rules include new-entrant set-asides, new-entrant bidding credits, and the...
Persistent link: https://www.econbiz.de/10004997802
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Economic Comments on the Design of the 700 MHz Spectrum Auction
Cramton, Peter; Skrzypacz, Andrzej; Wilson, Robert - University of Maryland, Department of Economics - Peter … - 2007
We comment on the service and auction rules discussed in the Report and Order and Further Notice of Proposed Rule Making, FCC 07-72, 27 April 2007. We recommend that the FCC designate one license for a wholesale operation that provides open access nationwide on nondiscriminatory terms. This is...
Persistent link: https://www.econbiz.de/10004997813
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Comments on the FCC’s Proposed Competitive Bidding Procedures for Auction 73
Cramton, Peter; Rosston, Gregory; Skrzypacz, Andrzej; … - University of Maryland, Department of Economics - Peter … - 2007
Persistent link: https://www.econbiz.de/10004997817
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Fear of Losing in a Clock Auction
Cramton, Peter; Filiz-Ozbay, Emel; Ozbay, Erkut; … - University of Maryland, Department of Economics - Peter … - 2012
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
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Using Spectrum Auctions to Enhance Competition in Wireless Services
Cramton, Peter; Kwerel, Evan; Rosston, Gregory; … - University of Maryland, Department of Economics - Peter … - 2012
Spectrum auctions are used by governments to assign and price licenses for wireless communications. Effective auction …
Persistent link: https://www.econbiz.de/10010575720
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Discrete Clock Auctions: An Experimental Study
Cramton, Peter; Filiz-Ozbay, Emel; Ozbay, Erkut; … - University of Maryland, Department of Economics - Peter … - 2012
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 …
Persistent link: https://www.econbiz.de/10010575731