Auctioning the Digital Dividend
Abstract
I begin by describing some of the problems of the simultaneous ascending auction. Then I present the package clock auction, which retains the benefits, while addressing the weaknesses, of the simultaneous ascending auction. I emphasize two essential elements of the package clock auction: the pricing rule and the activity rule. Along the way, I summarize both experimental and field results with the package clock auction.
Suggested Citation
Peter Cramton. "Auctioning the Digital Dividend" Communications Regulation in the Age of Digital Convergence: Legal and Economic Perspectives. Ed. Jan Kramer and Stefan Seifert. Karlsruhe, Germany: Karlsruhe Institute of Technology, 2009.
Available at: http://works.bepress.com/cramton/153
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