A descending clock auction (DCA) is for buying items from multiple sellers. The literature has focused on the case where each bidder has two options: to accept or reject the offered price. However, in many settings--such as the FCC's imminent incentive ...
We analyze a discrete clock auction with lowest-accepted-bid (LAB) pricing and provisional winners, as adopted by India for its 3G spectrum auction. In a perfect Bayesian equilibrium, the provisional winner shades her bid, whereas provisional losers do ...
A descending (multi-item) clock auction (DCA) is a mechanism for buying items from multiple potential sellers. In the DCA, bidder-specific prices are decremented over the course of the auction. In each round, each bidder might accept or decline his ...
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