Auctions, Market Mechanisms, and Their Applications. Second International ICST Conference, AMMA 2011, NewYork, NY, USA, August 22-23, 2011, Revised Selected Papers

Research Article

Efficiency, Auctioneer Revenue, and Bidding Behavior in the Combinatorial Clock Auction

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  • @INPROCEEDINGS{10.1007/978-3-642-30913-7_10,
        author={Martin Bichler and Pasha Shabalin and J\'{y}rgen Wolf},
        title={Efficiency, Auctioneer Revenue, and Bidding Behavior in the Combinatorial Clock Auction},
        proceedings={Auctions, Market Mechanisms, and Their Applications. Second International ICST Conference, AMMA 2011, NewYork, NY, USA, August 22-23, 2011, Revised Selected Papers},
        proceedings_a={AMMA},
        year={2012},
        month={10},
        keywords={},
        doi={10.1007/978-3-642-30913-7_10}
    }
    
  • Martin Bichler
    Pasha Shabalin
    Jürgen Wolf
    Year: 2012
    Efficiency, Auctioneer Revenue, and Bidding Behavior in the Combinatorial Clock Auction
    AMMA
    Springer
    DOI: 10.1007/978-3-642-30913-7_10
Martin Bichler1,*, Pasha Shabalin1, Jürgen Wolf1
  • 1: TU München
*Contact email: bichler@in.tum.de

Abstract

The Combinatorial Clock Auction (CCA) is a two-phase auction format which was designed for high efficiency and to incentivize truthful bidding. The auction has recently been used for spectrum sales in a number of countries. In this study we experimentally analyze the performance of the CCA in comparison to the Simultaneous Multi-Round Auctions (SMRA), which was used for spectrum sales worldwide for more than 15 years.