interaction. Traditional auctions may not generate a profit-maximizing allocation of capacity in this case, a failure that is … preferences in calculating the final allocation. Unlike in standard auctions, consumer surplus considerations can thus be …

Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the …

) and have influenced the design of FCC auctions. Here, we estimate geographic complementarities between licenses being …) to estimate the deterministic component of bidder valuations in FCC spectrum auctions based on a pairwise stability … licenses already owned by bidders at the time of the auction. Applying this approach to PCS C Block auctions 22, 35 and 58, we …

of combining auctions and royalty contracts for losers. …