A proposed auction design for incentive auctions is given. The two-sided auctions enable the exchange of spectrum from …

financial crisis, using market mechanisms such as reverse auctions where appropriate. This paper presents a high-level design … descending clock auctions. The auctions operate on a security-by-security basis to avoid adverse selection. To assure that the … largest three sellers. Demand bids from private buyers are also allowed. The simultaneous clock auctions protect the taxpayer …

auctions would price the equity purchases through a competitive process. …

. 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 …

market mechanisms such as reverse auctions to determine prices. A well-designed auction process can indeed be an effective …

Spectrum auctions are used by governments to assign and price licenses for wireless communications. The standard …. I analyze the strengths and weaknesses of the approach with examples from US spectrum auctions. I then present a … tests and early auctions confirm the advantages of the approach. …