Putting Auction Theory to Work: The Simultaneous Ascending Auction
AbstractDecember 8, 1997 (Revised April 21, 1999) We review the uses of economic theory in the initial design and later improvement of the "simultaneous ascending auction," which was developed initially for the sale of radio spectrum licenses in the US, with efficiency of the final allocation as the statutory goal. We analyze some capabilities and inherent limitations of the auction, the roles of various detailed rules, the possibilities for introducing combinatorial bidding, and some considerations in adapting the auction for sales with a revenue goal.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Chicago Press in its journal Journal of Political Economy.
Volume (Year): 108 (2000)
Issue (Month): 2 (April)
Contact details of provider:
Web page: http://www.journals.uchicago.edu/JPE/
Other versions of this item:
- Milgrom, Paul, 1998. "Putting auction theory to work : the simultaneous ascending auction," Policy Research Working Paper Series 1986, The World Bank.
- Paul Milgrom, . "Putting Auction Theory to Work: The Simultaneous Ascending Auction," Working Papers 98002, Stanford University, Department of Economics.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- R. Preston McAfee & John McMillan, 1996. "Analyzing the Airwaves Auction," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 159-175, Winter.
- Ledyard, J.O. & Noussair, C. & Porter, D., 1994.
"The Allocation of Shared Resource within an Organization,"
Purdue University Economics Working Papers
1063, Purdue University, Department of Economics.
- John Ledyard & Charles Noussair & David Porter, 1996. "The allocation of a shared resource within an organization," Review of Economic Design, Springer, vol. 2(1), pages 163-192, December.
- Ledyard, John O. & Noussair, Charles & Porter, David, . "The Allocation of a Shared Resource Within an Organization," Working Papers 917, California Institute of Technology, Division of the Humanities and Social Sciences.
- Noussair, C.N. & Ledyard , J. & Porter, D., 1996. "The allocation of a shared resource within an organization," Open Access publications from Tilburg University urn:nbn:nl:ui:12-381120, Tilburg University.
- Milgrom, Paul & Roberts, John, 1991. "Adaptive and sophisticated learning in normal form games," Games and Economic Behavior, Elsevier, vol. 3(1), pages 82-100, February.
- Groves, Theodore & Loeb, Martin, 1975.
"Incentives and public inputs,"
Journal of Public Economics,
Elsevier, vol. 4(3), pages 211-226, August.
- Peter Cramton, 1995.
"Money Out of Thin Air: The Nationwide Narrowband PCS Auction,"
Papers of Peter Cramton
95jems, University of Maryland, Department of Economics - Peter Cramton, revised 09 Jun 1998.
- Cramton, Peter C, 1995. "Money Out of Thin Air: The Nationwide Narrowband PCS Auction," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 4(2), pages 267-343, Summer.
- Engelbrecht-Wiggans, Richard, 1988. "Revenue equivalence in multi-object auctions," Economics Letters, Elsevier, vol. 26(1), pages 15-19.
- Lawrence M. Ausubel & Peter Cramton, 1995. "Demand Reduction and Inefficiency in Multi-Unit Auctions," Papers of Peter Cramton 98wpdr, University of Maryland, Department of Economics - Peter Cramton, revised 22 Jul 2002.
- Cameron, Lisa J. & Cramton, Peter & Wilson, Robert, 1997.
"Using auctions to divest generation assets,"
The Electricity Journal,
Elsevier, vol. 10(10), pages 22-31, December.
- Banks, Jeffrey S. & Ledyard, John O. & Porter, David P., . "Allocating Uncertain and Unresponsive Resources," Working Papers 680, California Institute of Technology, Division of the Humanities and Social Sciences.
- William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, vol. 16(1), pages 8-37, 03.
- Peter Cramton, 1997.
"The FCC Spectrum Auctions: An Early Assessment,"
Papers of Peter Cramton
97jemsfcc, University of Maryland, Department of Economics - Peter Cramton, revised 12 Jul 1998.
- Kelso, Alexander S, Jr & Crawford, Vincent P, 1982. "Job Matching, Coalition Formation, and Gross Substitutes," Econometrica, Econometric Society, vol. 50(6), pages 1483-1504, November.
- Milgrom, Paul R & Weber, Robert J, 1982.
"A Theory of Auctions and Competitive Bidding,"
Econometric Society, vol. 50(5), pages 1089-1122, September.
- Palfrey, Thomas R, 1983. "Bundling Decisions by a Multiproduct Monopolist with Incomplete Information," Econometrica, Econometric Society, vol. 51(2), pages 463-83, March.
- Jeffrey S. Banks & John O. Ledyard & David P. Porter, 1989. "Allocating Uncertain and Unresponsive Resources: An Experimental Approach," RAND Journal of Economics, The RAND Corporation, vol. 20(1), pages 1-25, Spring.
- Paul R. Milgrom, 1985. "Auction Theory," Cowles Foundation Discussion Papers 779, Cowles Foundation for Research in Economics, Yale University.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division).
If references are entirely missing, you can add them using this form.