NOTICE: DRUM will be down for scheduled maintenance on Tuesday, 23 May 2017, from 5:00 AM to 8:00 AM EDT.
Collusive Bidding: Lessons from the FCC Spectrum Auctions
Schwartz, Jesse A.
"Collusive Bidding: Lessons from the FCC Spectrum Auctions," (with Jesse Schwartz) Journal of Regulatory Economics, 17, 229-252, May 2000.
MetadataShow full item record
The Federal Communications Commission (FCC) spectrum auctions use a simultaneous ascending auction design. Bidders bid on numerous communication licenses simultaneously, with bidding remaining open on all licenses until no bidder is willing to bid higher on any license. With full revelation of bidding information, simultaneous open bidding allows bidders to send messages to their rivals, telling them on which licenses to bid and which to avoid. These strategies can help bidders coordinate a division of the licenses, and enforce the proposed division by directed punishments. We examine solutions to mitigate collusive bidding in the spectrum auctions, and then apply these ideas to the design of daily electricity auctions.
Showing items related by title, author, creator and subject.
Pani, Abhishek (2010)The last decade has seen the emergence of auction mechanisms for pricing and allocating goods on the Internet. A successful application area for auctions has been sponsored search. Search firms like Google, Bing and Yahoo ...
DYNAMIC STRATEGY CHOICE BEHAVIOR UNDER COMPETITIVE ENVIRONMENT: APPLICATION TO ELECTRONIC FREIGHT AUCTION MARKETPLACES Min, Yeonjoo (2007-06-20)In the electronic market place, the auction is known to be economically efficient, allowing players to maximize their own benefits. Through this mechanism, new spot markets are created, which connect buyers and sellers. ...
Cameron, Lisa J.; Cramton, Peter; Wilson, Robert (Elsevier Science, 1997-12)In most states, ratepayers will compensate utilities for their stranded costs. As a result, these costs must be measured as accurately as possible, in a manner that is easily understood by all concerned parties. We ...