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A Combinatorial Auction with Multiple Winners for Universal Service

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Author Info

  • Frank Kelly

    ()
    (University of Cambridge, Statistical Laboratory, Cambridge, England CB2 1SB)

  • Richard Steinberg

    ()
    (University of Cambridge, The Judge Institute, Cambridge, England CB2 1AG)

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    Abstract

    We describe a discrete-time auction procedure called PAUSE (Progressive Adaptive User Selection Environment) for use in assigning COLR (Carrier of Last Resort) responsibility for universal service. The auction incorporates synergies by permitting all combinatorial bids, is transparent to the bidders, allows for multiple winners, and minimizes the possibility of bidder collusion. The procedure is computationally tractable for the auctioneer and thus very efficient to run. The inherent computational complexity of combinatorial bidding cannot be eliminated. However, in this auction the computational burden of evaluating synergies rests with the bidders claiming those synergies, while the auctioneer simply checks that a bid is valid.

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    File URL: http://dx.doi.org/10.1287/mnsc.46.4.586.12054
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    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 46 (2000)
    Issue (Month): 4 (April)
    Pages: 586-596

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    Handle: RePEc:inm:ormnsc:v:46:y:2000:i:4:p:586-596

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    Related research

    Keywords: auctions; combinatorial bidding; universal service; carrier of last resort; telecommunications; synergies;

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    Cited by:
    1. Blumrosen, Liad & Nisan, Noam, 2010. "Informational limitations of ascending combinatorial auctions," Journal of Economic Theory, Elsevier, vol. 145(3), pages 1203-1223, May.
    2. Teich, Jeffrey E. & Wallenius, Hannele & Wallenius, Jyrki & Koppius, Otto R., 2004. "Emerging multiple issue e-auctions," European Journal of Operational Research, Elsevier, vol. 159(1), pages 1-16, November.
    3. Park, Sunju & Rothkopf, Michael H., 2005. "Auctions with bidder-determined allowable combinations," European Journal of Operational Research, Elsevier, vol. 161(2), pages 399-415, March.
    4. Affuso, Luisa, 2003. "Auctions of rail capacity?," Utilities Policy, Elsevier, vol. 11(1), pages 43-46, March.
    5. Lunander, Anders & Lundberg, Sofia, 2009. "Do Combinatorial Procurement Auctions Lower Cost? - An Empirical Analysis of Public Procurement of Multiple Contracts," UmeÃ¥ Economic Studies 776, Umeå University, Department of Economics, revised 16 Sep 2009.
    6. Regan, A C & Song, Jiongjiong, 2003. "Combinatorial Auctions for Transportation Service Procurement: The Carrier Perspective," University of California Transportation Center, Working Papers qt7sq003mj, University of California Transportation Center.

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