The most important issues in auction design are the traditional concerns of competition policy - preventing collusive …, and the Anglo-Dutch auction - a hybrid of the sealed-bid and ascending auctions - may often perform better. Effective anti … fail in the Netherlands and elsewhere. Auction design is not "one size fits all". We also discuss the 3G spectrum auctions …

The most important issues in auction design are the traditional concerns of competition policy-preventing collusive … discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction … of the context; the circumstances of the recent UK mobile-phone license auction made an ascending format ideal. We also …