Bykowsky, Mark M; Cull, Robert J; Ledyard, John O - In: Journal of Regulatory Economics 17 (2000) 3, pp. 205-28
In general, synergies across license valuations complicate the auction design process. Theory suggests that a "simple" (i.e., non-combinatorial) auction will have difficulty in assigning licenses efficiently in such an environment. This difficulty increases with increases in "fitting...