A Practical Guide to the Combinatorial Clock Auction
A Practical Guide to the Combinatorial Clock Auction
复制标题
组合时钟拍卖实用指南
DOI：
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发表时间：
2017
期刊：
影响因子：
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通讯作者：
Oleg Baranov
中科院分区：
文献类型：
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作者：
Lawrence M. Ausubel;Oleg Baranov
组合时钟拍卖（CCA）是拍卖设计中的一项重要创新，已被用于全球许多频谱拍卖。虽然越来越多的文献描述了CCA的理论基础，但许多实际的实施选择被忽视了。在这篇文章中，我们研究了一些最关键的实际决策的监管机构实施CCA。主题包括：实行底价;内生的波段计划;补充回合活动规则;竞争政策;投标语言;以及核心负担的分配。我们用最近使用CCA格式的频谱拍卖的例子来说明我们的讨论。
The combinatorial clock auction (CCA) is an important recent innovation in auction design that has been utilised for many spectrum auctions worldwide. While the theoretical foundations of the CCA are described in a growing literature, many of the practical implementation choices are neglected. In this article, we examine some of the most critical practical decisions for a regulator implementing the CCA. Topics include: implementation of reserve prices; endogenous band plans; supplementary round activity rules; competition policy; bidding languages; and allocation of the core burden. We illustrate our discussion with examples from recent spectrum auctions that used the CCA format.