Strategic complexities in the combinatorial clock auction
AbstractRecently, the combinatorial clock auction has become more and more common in the auctioning of telecommunication licenses. Although the auction design is complex, the promise is that bidding becomes simple - truthtelling is close to optimal. We show that this claim is too strong. The auction entails several strategic complexities which make bidding non-trivial. --
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Bibliographic InfoPaper provided by International Telecommunications Society (ITS) in its series 24th European Regional ITS Conference, Florence 2013 with number 88462.
Date of creation: 2013
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combinatorial clock auction;
Other versions of this item:
- Stephan Knapek & Achim Wambach, 2012. "Strategic Complexities in the Combinatorial Clock Auction," CESifo Working Paper Series 3983, CESifo Group Munich.
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
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