Abstract
Spectrum auction design has seen number innovations in the recent years. Regulators have used various types of combinatorial auction formats including simple ascending combinatorial clock auctions and first-price sealed-bid combinatorial auctions. The Simultaneous Multi-Round Auction (SMRA) and the two-stage Combinatorial Clock Auction (CCA) are the most wide-spread auction formats for spectrum sales to date. We provide an accessible overview of strategic problems in these auction formats and summarize research challenges in this field for a broader audience of readers in industrial organization.
Original language | English |
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Pages (from-to) | 372-391 |
Number of pages | 20 |
Journal | International Journal of Industrial Organization |
Volume | 50 |
DOIs | |
State | Published - 1 Jan 2017 |
Keywords
- Auction theory
- Market design
- Spectrum auction