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Auctioning the Digital Dividend

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Abstract

I begin by describing some of the problems of the simultaneous ascending auction. Then I present the package clock auction, which retains the benefits, while addressing the weaknesses, of the simultaneous ascending auction. I emphasize two essential elements of the package clock auction: the pricing rule and the activity rule. Along the way, I summarize both experimental and field results with the package clock auction.

Suggested Citation

  • Peter Cramton, 2009. "Auctioning the Digital Dividend," Papers of Peter Cramton 09add, University of Maryland, Department of Economics - Peter Cramton, revised 2009.
  • Handle: RePEc:pcc:pccumd:09add
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    File URL: http://www.cramton.umd.edu/papers2005-2009/cramton-auctioning-the-digital-dividend.pdf
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    Cited by:

    1. Bichler, Martin & Goeree, Jacob K., 2017. "Frontiers in spectrum auction design," International Journal of Industrial Organization, Elsevier, vol. 50(C), pages 372-391.
    2. Martin Bichler & Pasha Shabalin & J├╝rgen Wolf, 2013. "Do core-selecting Combinatorial Clock Auctions always lead to high efficiency? An experimental analysis of spectrum auction designs," Experimental Economics, Springer;Economic Science Association, vol. 16(4), pages 511-545, December.
    3. Tobias Scheffel & Georg Ziegler & Martin Bichler, 2012. "On the impact of package selection in combinatorial auctions: an experimental study in the context of spectrum auction design," Experimental Economics, Springer;Economic Science Association, vol. 15(4), pages 667-692, December.

    More about this item

    Keywords

    Auctions; spectrum auctions; market design; package auction; clock auction; combinatorial auction;

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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