Showing 1 - 10 of 109
Abstract This paper describes the bid signaling that occurred in many of the FCC spectrum auctions. Bidders in these … auctions bid on numerous spectrum licenses simultaneously, with bidding remaining open on all licenses until no bidder is …
Persistent link: https://www.econbiz.de/10014587481
This dissertation examines two problems that may arise in matching problems.The first two chapters deal with auctions … inlabor markets.Auctions can lead to efficient allocations in a wide class of assignment problems.In the presence of …
Persistent link: https://www.econbiz.de/10009450582
sealed-bid and clock auctions. We find that the efficient bid levels in the sealed-bid second-price auction may be non … upcoming 3G spectrum auction, rather than the seemingly superior HRB auction. Chapter 3: Discrete Clock Auctions: An … Experimental Study We analyze the implications of different pricing rules in discrete clock auctions. The two most common pricing …
Persistent link: https://www.econbiz.de/10009450772
(CLOB) that is currently predominant, we argue that financial exchanges should use frequent batch auctions: uniform price … double auctions conducted, e.g., every tenth of a second. That is, time should be treated as discrete instead of continuous …-wasteful arms race for speed. Last, we show that frequent batch auctions directly address the problems caused by the CLOB. Discrete …
Persistent link: https://www.econbiz.de/10012938112
Persistent link: https://www.econbiz.de/10012708349
Spectrum auctions are used by governments to assign and price licenses for wireless communications. Effective auction …
Persistent link: https://www.econbiz.de/10010878030
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
The allocation of permits is an important design aspect of an emissions trading scheme. Traditionally, governments have favoured the free allocation of greenhouse gas permits based on individual historical emissions (‘grandfathering’) or industry benchmark data. Particularly in the European...
Persistent link: https://www.econbiz.de/10010879126
We generalize the Vickrey auction to allow for reserve pricing in a multi-unit auction with interdependent values. In the Vickrey auction with reserve pricing, the seller determines the quantity to be made available as a function of the bidders' reports of private information, and then...
Persistent link: https://www.econbiz.de/10005371037