Strategic complexities in the combinatorial clock auction
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.
|Date of creation:||2013|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.itseurope.org/|
When requesting a correction, please mention this item's handle: RePEc:zbw:itse13:88462. See general 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: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.