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We propose the clock-proxy auction as a practical means for auctioning many related items. A clock auction phase is followed by a last-and-final proxy round. The approach combines the simple and transparent price discovery of the clock auction with the efficiency of the proxy auction. Linear...
Persistent link: https://www.econbiz.de/10004988791
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
analysis of several administrative measures, congestion pricing options and slot auctions. The research output includes a …
Persistent link: https://www.econbiz.de/10004997816
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
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
Forward markets, both medium term and long term, complement the spot market for wholesale electricity. The forward markets reduce risk, mitigate market power, and coordinate new investment. In the medium term, a forward energy market lets suppliers and demanders lock in energy prices and...
Persistent link: https://www.econbiz.de/10008464964
The Federal Communications Commission held its first auction of radio spectrum at the Nationwide Narrowband PCS Auction in July 1994. The simultaneous multiple-round auction, which lasted five days, was an ascending bid auction in which all licenses were offered simultaneously. This paper...
Persistent link: https://www.econbiz.de/10004988742
In April of 2000, the Radiocommunications Agency of the United Kingdom completed its first spectrum auction, raising £22.5 billion for five third-generation (3G) mobile wireless licenses. This paper assesses how well the UK 3G spectrum auction did in achieving the Government's objectives.
Persistent link: https://www.econbiz.de/10004988743
with getting the best price for the stock- holders at a sale of the company." The Delaware courts' preference for auctions …. Second, auctions maximize shareholder returns. The two premises together imply that a target's board should conduct an …
Persistent link: https://www.econbiz.de/10004988744