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 …

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 …

The present invention primarily concerns hybrid auctions that may, for example, combine a clock auction with a proxy … auction. Hybrid auctions include multi-item auctions that comprise at least two phases of package auctions: an earlier phase … in which bidders participate in a clock auction (or other dynamic auction); and a later phase in which bidders …

In the original proposal for the combinatorial clock auction (Ausubel, Cramton and Milgrom, 2006), a revealed … clock auction stage, we propose a hybrid revealed-preference/eligibility-point approach, in which the current round’s bid …

providers, government leaders, and auction experts. A major part of the event was the conduct of a mock auction based on the … auction design proposed in Cramton (2011a). This design addresses the fatal flaws in the CMS design (Letter from experts 2010 … (Merlob et al. 2010), and in practice (Ausubel and Cramton 2004, 2006). This paper presents the mock auction results. The mock …

We examine bidding behavior in a clock auction in which price is set by the lowest-accepted bid and provisional winners … are reported each round (the LABpw auction). This format was used in the India 3G spectrum auction. In the standard theory …, the auction performs poorly. In particular it yields lower revenues and is less efficient than the more standard clock …