A proposed auction design for incentive auctions is given. The two-sided auctions enable the exchange of spectrum from … simple and effective. The auction has three stages conducted in sequence: 1) a reverse auction to determine the supply curve … contiguous spectrum nationwide, and 3) a forward auction for determining the demand curve for spectrum. The auction determines …

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 … and are fully efficient in our setting. Our experimental results indicate that the LAB auction achieves higher revenues …

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 describes the auction rules and how bidders prepared for the auction. The full …

In April of 2000, the Radiocommunications Agency of the United Kingdom completed its first spectrum auction, raising … auction did in achieving the Government's objectives. …

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 … auction when at least two firms would bid sums that are nontrivially above the target's prebid market price. …

tradable and bankable. The government would conduct quarterly auctions. A standard ascending-clock auction in which price is …An auction of carbon permits is the best way to achieve carbon caps set by international negotiation to limit global … gradually raised until there is no excess demand would provide reliable price discovery. An auction is preferred to …

-bid auctions. The Vickrey auction and the alternative ascending-bid auction (Ausubel 1996) have important theoretical advantages …Treasury debt and other divisible securities are traditionally sold in either a pay-your-bid (discriminatory) auction … or a uniform-price auction. We compare these auction formats with a Vickrey auction and also with two ascending …

In recent auctions for paging licenses, the Federal Communications Commission has granted businesses owned by … minorities and women substantial bidding credits. In this article, Professors Ayres and Cramton analyze a particular auction and … argue that the affirmative action bidding preferences, by increasing competition among auction participants, increased the …