American Economic Journal:
Microeconomics
ISSN 1945-7669 (Print) | ISSN 1945-7685 (Online)
An Experimental Test of Flexible Combinatorial Spectrum Auction Formats
American Economic Journal: Microeconomics
vol. 2,
no. 1, February 2010
(pp. 39–57)
Abstract
This paper reports laboratory experiments that evaluate the performance of a flexible package bidding format developed by the FCC, in comparison with other combinatorial formats. In general, the interest of policy makers in combinatorial auctions is justified by the laboratory data. When value complementarities are present, package bidding yields improved performance. We find clear differences among the combinatorial auction formats both in terms of efficiency and seller revenue, however. Notably, the combinatorial clock provides the highest revenue. The FCC's flexible package bidding format performed worse than the alternatives, which is one of the main reasons why it was not implemented. (JEL D44, H82)Citation
Brunner, Christoph, Jacob K. Goeree, Charles A. Holt, and John O. Ledyard. 2010. "An Experimental Test of Flexible Combinatorial Spectrum Auction Formats." American Economic Journal: Microeconomics, 2 (1): 39–57. DOI: 10.1257/mic.2.1.39Additional Materials
JEL Classification
- D44 Auctions
- H82 Governmental Property
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