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The Federal Communications Commission (FCC) spectrum auctions use a simultaneous ascending auction design. Bidders bid … mitigate collusive bidding in the spectrum auctions, and then apply these ideas to the design of daily electricity auctions. …
Persistent link: https://www.econbiz.de/10004988751
This paper describes the signaling that occurred in many of the FCC spectrum auctions. The FCC's simultaneous ascending … auctions allowed bidders to bid on numerous communication licenses simultaneously, with bidding remaining open on all licenses …
Persistent link: https://www.econbiz.de/10004988795
marketing agencies specialized in bidding in the auctions that are used to sell ad space on the web. We analyze how collusive … (used by Facebook). We find that, despite its well-known susceptibility to collusion, the VCG mechanism outperforms the GSP …
Persistent link: https://www.econbiz.de/10012944647
This paper examines bidding in auctions for state highway construction contracts on Long Island in the early 1980s, in … order to determine whether bid rigging occurred. Detection of collusion is possible because of limited participation in the … collusive scheme. The paper looks at differences in behavior between ring members and non-members. In these auctions, collusio …
Persistent link: https://www.econbiz.de/10013310562
A proposed auction design for incentive auctions is given. The two-sided auctions enable the exchange of spectrum from …
Persistent link: https://www.econbiz.de/10010878412
Persistent link: https://www.econbiz.de/10010878413
The Federal Communications Commission held its first auction of radio spectrum at the Nationwide Narrowband PCS Auction in July 1994. The simultaneous multiple-round auction, which lasted five days, was an ascending bid auction in which all licenses were offered simultaneously. This paper...
Persistent link: https://www.econbiz.de/10004988742
In April of 2000, the Radiocommunications Agency of the United Kingdom completed its first spectrum auction, raising £22.5 billion for five third-generation (3G) mobile wireless licenses. This paper assesses how well the UK 3G spectrum auction did in achieving the Government's objectives.
Persistent link: https://www.econbiz.de/10004988743
with getting the best price for the stock- holders at a sale of the company." The Delaware courts' preference for auctions …. Second, auctions maximize shareholder returns. The two premises together imply that a target's board should conduct an …
Persistent link: https://www.econbiz.de/10004988744
tradable and bankable. The government would conduct quarterly auctions. A standard ascending-clock auction in which price is …
Persistent link: https://www.econbiz.de/10004988745