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Quadratic Core-Selecting Payment Rules for Combinatorial Auctions
games group decisions bidding: auctions
2015/9/18
We report on the use of a quadratic programming technique in recent and upcoming spectrum auctions in Europe. Specifically, we compute a unique point in the core that minimizes the sum of squared devi...
The Clock-Proxy Auction:A Practical Combinatorial Design
Clock-Proxy Auction Practical Combinatorial Design
2015/7/21
We propose the clock-proxy auction as a practical means for auctioning many related items. A clock auction phase is followed by a last-and-final proxy round.The approach combines the simple and transp...
Are Dynamic Vickrey Auctions Practical?: Properties of the Combinatorial Clock Auction
Auctions Practical Clock Auction
2015/7/21
The combinatorial clock auction is becoming increasingly popular for large-scale spectrum
awards and other uses, replacing more traditional ascending or clock auctions. We describe
some surprising p...