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

Martin Bichler; Pasha Shabalin; Jürgen Wolf

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.

Published: 2012-10-08

: http://dx.doi.org/10.1007/978-3-642-30913-7_10