An Experimental Test of Flexible Combinatorial Spectrum Auction Formats

An Experimental Test of Flexible Combinatorial Spectrum Auction Formats

This paper reports laboratory experiments that evaluate the performance of a flexible packagebidding format developed by the FCC, in comparison with other combinatorial formats. In general, the interest of policy makers in combinatorial auctions is justified by the laboratory data; when value complementarities are present, package bidding yields improved performance. We find clear differences a...

Combinatorial Auction Bandwidth Trading: An Experimental Study

A Computational Analysis of Linear Price Iterative Combinatorial Auction Formats

Iterative combinatorial auctions (ICAs) are IT-based economic mechanisms where bidders submit bundle bids in a sequence and an auctioneer computes allocations and ask prices in each auction round. The literature in this field provides equilibrium analysis for ICAs with non-linear personalized prices under strong assumptions on bidders’ strategies. Linear pricing has performed very well in the l...

An Experimental Test of Combinatorial Information Markets

While a simple information market lets one trade on the probability of each value of a single variable, a combinatorial information market lets one trade on any combination of a set of variables, including any conditional or joint probability. In laboratory experiments, we compare the accuracy of simple markets, two kinds of combinatorial markets, a call market and a market maker, isolated indi...

SATS: A Universal Spectrum Auction Test Suite

For the past 17 years, much of the work on combinatorial auctions (CAs) has used the Combinatorial Auction Test Suite (CATS) by Leyton-Brown et al. [24]. However, CATS does not include a good model for spectrum auctions, which have become the most important application of CAs. In this paper, we make four contributions. First, we propose the Multi-Region Value Model (MRVM) which captures the dif...