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Strategic complexities in the combinatorial clock auction

Author

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  • Knapek, Stephan
  • Wambach, Achim

Abstract

Recently, 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.

Suggested Citation

  • Knapek, Stephan & Wambach, Achim, 2013. "Strategic complexities in the combinatorial clock auction," 24th European Regional ITS Conference, Florence 2013 88462, International Telecommunications Society (ITS).
  • Handle: RePEc:zbw:itse13:88462
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    Cited by:

    1. Janssen, Maarten & Karamychev, Vladimir, 2016. "Spiteful bidding and gaming in combinatorial clock auctions," Games and Economic Behavior, Elsevier, vol. 100(C), pages 186-207.
    2. Jonathan Levin & Andrzej (Andy) Skrzypacz, 2014. "Are Dynamic Vickrey Auctions Practical?: Properties of the Combinatorial Clock Auction," Discussion Papers 14-002, Stanford Institute for Economic Policy Research.
    3. Maarten Janssen & Vladimir Karamychev, 2013. "Gaming in Combinatorial Clock Auctions," Tinbergen Institute Discussion Papers 13-027/VII, Tinbergen Institute, revised 16 Dec 2013.

    More about this item

    Keywords

    combinatorial clock auction;

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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