Decision Sciences
7 years ago

New Auction Format Boosts Efficiency and Reduces Risk for Spectrum Awards

Cambridge University Press eBooks
Strategic Bidding in Combinatorial Clock Auctions – A Bidder Perspective
Richard Marsden, Søren Tang Sørensen

Paper Summary

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The article discusses how the Combinatorial Clock Auction (CCA) for spectrum awards is believed to be better than the Simultaneous Multiple Round Auction (SMRA) because it allows for package bids and encourages straightforward value-based bidding. While the first advantage is clear, the effectiveness of the second advantage is being questioned by experts in the field.