This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

American Economic Journal: Microeconomics: Vol. 2 No. 1 (February 2010)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

AEJ: Micro - All Issues

AEJ: Micro Forthcoming Articles

An Experimental Test of Flexible Combinatorial Spectrum Auction Formats

Article Citation

Brunner, Christoph, Jacob K. Goeree, Charles A. Holt, and John O. Ledyard. 2010. "An Experimental Test of Flexible Combinatorial Spectrum Auction Formats." American Economic Journal: Microeconomics, 2(1): 39-57.

DOI: 10.1257/mic.2.1.39

Abstract

This paper reports laboratory experiments that evaluate the performance of a flexible package bidding 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 among the combinatorial auction formats both in terms of efficiency and seller revenue, however. Notably, the combinatorial clock provides the highest revenue. The FCC's flexible package bidding format performed worse than the alternatives, which is one of the main reasons why it was not implemented. (JEL D44, H82)

Article Full-Text Access

Full-text Article

Additional Materials

Download Data Set (769.36 KB) | Appendix (21.46 KB)

Authors

Brunner, Christoph (CA Institute of Technology)
Goeree, Jacob K. (CA Institute of Technology)
Holt, Charles A. (U VA)
Ledyard, John O. (CA Institute of Technology)

JEL Classifications

D44: Auctions
H82: Governmental Property

Comments

View Comments on This Article (0) | Login to post a comment


American Economic Journal: Microeconomics


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AEJ: Micro - All Issues

AEJ: Micro - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us