account, CCAs provide bidders with significant gaming possibilities, resulting in high auction prices and problems associated …

Recently, the combinatorial clock auction has become more and more common in the auctioning of telecommunication … licenses. Although the auction design is complex, the promise is that bidding becomes simple - truthtelling is close to optimal …. We show that this claim is too strong. The auction entails several strategic complexities which make bidding non-trivial. …

We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction … winner's curse. The auction's efficiency is nevertheless higher with teams, since the bidders with the highest valuation are …

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …

In this paper the sequence of winning bids in the public auction of used cars in New Jersey is examined for the … sale. In a further contrast to many other studies, these data indicate that the prices tend to increase as the auction …

manner consistent with auction theory. … capita winning bid (per Mhz) values to auction design variables (license award process), national and mobile market …. The analysis reveals that most auction design variables independently impact on realized 3G spectrum auction revenue in a …

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …

and organizational challenges. This work provides an auction-based coordination mechanism that enables the allocation and …