This paper considers a government auctioning off multiple licenses to firms who compete in a market after the auction …. Firms have different costs, and cost efficiency is private information at the auction stage and the market competition stage …. If only one license is auctioned, standard results say that the most efficient firm wins the auction (license) as it will …

claim that market competition andbidding in an auction should be analyzed as part of one game, where the pricingstrategies …

The Combinatorial Clock Auction (CCA) has frequently been used in recent spectrum auctions. It combines a dynamic clock …

firms' risk attitudes and the fact that future market prof-its are uncertain so that winning an auction is like winning a …