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Discrete Clock Auctions: An Experimental Study
Clock auctions Pricing rules Market design Experiments
2015/9/23
We analyze the implications of different pricing rules in discrete clock
auctions. The two most common pricing rules are highest-rejected bid (HRB) and
lowest-accepted bid (LAB). Under HRB, the winn...
We examine bidding behavior in a clock auction in which price is set by
the lowest-accepted bid and provisional winners are reported each round (the LABpw
auction). This format was used in the India...
We examine bidding behavior in a clock auction in which price is
set by the lowest-accepted bid and provisional winners are
reported each round (the LABpw auction). This format was used
in the I...
We analyze the implications of different pricing rules in discrete clock
auctions. The two most common pricing rules are highest-rejected bid
(HRB) and lowest-accepted bid (LAB). Under HRB, the wi...
The Clock-Proxy Auction:A Practical Combinatorial Design
Clock-Proxy Auction Practical Combinatorial Design
2015/7/21
We propose the clock-proxy auction as a practical means for auctioning many related items. A clock auction phase is followed by a last-and-final proxy round.The approach combines the simple and transp...
Are Dynamic Vickrey Auctions Practical?: Properties of the Combinatorial Clock Auction
Auctions Practical Clock Auction
2015/7/21
The combinatorial clock auction is becoming increasingly popular for large-scale spectrum
awards and other uses, replacing more traditional ascending or clock auctions. We describe
some surprising p...