approach is the simultaneous ascending auction, in which many related lots are auctioned simultaneously in a sequence of rounds … variation, the package clock auction, adopted by the UK, which addresses many of the problems of the simultaneous ascending … auction while building on its strengths. The package clock auction is a simple dynamic auction in which bidders bid on …

This paper provides a new defense for emphasizing efficient auction design rather than optimal auction design. Because … in auction markets followed by perfect resale, it is optimal to be efficient.In an optimal auction, a revenue …. This conclusion rests on two assumptions: (1) the seller can prevent resale among bidders after the auction, and (2) the …

Spectrum auctions are used by governments to assign and price licenses for wireless communications. Effective auction … design recognizes the importance of competition, not only in the auction, but in the downstream market for wireless …

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 …

three perspectives, offering a state-of-the art survey of developments in combinatorial auction theory and practice by … improved economic efficiency and greater auction revenues. However, challenges arise in both design and implementation …

Spectrum auctions are used by governments to assign and price licenses for wireless communications. Effective auction … design recognizes the importance of competition, not only in the auction, but in the downstream market for wireless …

three perspectives, offering a state-of-the art survey of developments in combinatorial auction theory and practice by … improved economic efficiency and greater auction revenues. However, challenges arise in both design and implementation …

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. …