Bidding in the last seconds or minutes of an auction is a common strategy in Internet auctions with fixed end …

The Combinatorial Clock Auction is a two-stage auction format, which has been used to sell spectrum licenses worldwide …, then the auction is fully efficient. Unfortunately, bidders might neither bid straightforward in the clock phase nor … field in the British 4G auction in 2013 and the Canadian 700 MHz auction in 2014, where the bids were made public. The data …

auction. This effect appears not to be driven by i) differences in observable characteristics; ii) differences in real estate …

Canadian auction. The auction format is known as Combinatorial Clock. Its design seeks to induce truthful bidding, that is, a … auction is an innovative auction design which aims to overcome some of the problems evidenced in the application of the … Simultaneous Ascending auction, a format that has been widely popular for assigning radio spectrum to commercial providers of …

as auction mechanisms are being explored in more depth. The typical data utilized in such studies involves repeated … measures of auction outcomes, where the variable of interest involves order statistics from the sample of bids from many bids … auctions for a relatively homogeneous good, computer monitors sold on eBay. We discuss how outcomes of the auction mechanism …

We model a spectrum auction where firms purchase units to participate in a constrained, multi-product, downstream … market. We use dynamic programming techniques to numerically solve for the optimal bidding strategy in a clock auction. Firms … cost firms may hold up the market, so the auction may be inefficient and generate zero revenue. An auction may be optimal …

signals, and make purchase decisions that are biased towards their initial choices. Using an incentive compatible auction …

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 …

approach is the simultaneous ascending auction, in which many related lots are auctioned simultaneously in a sequence of rounds … variation, the package clock auction, adopted by the UK, which addresses many of the problems of the simultaneous ascending … auction while building on its strengths. The package clock auction is a simple dynamic auction in which bidders bid on …