Incentive Auction Design Alternatives: A Simulation Study

Neil Newman,Kevin Leyton-Brown,Paul Milgrom,Ilya Segal

MANAGEMENT SCIENCE（2024）

引用 3|浏览37

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摘要

This paper revisits the descending clock "reverse" auction design used in the U.S. Federal Communications Commission's 2016-2017 "incentive auction." We use extensive computational simulations to investigate the quantitative significance of various aspects of the design, leveraging a reverse auction simulator and realistic models of bidder values.

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关键词

incentive auction,deferred acceptance auction,reverse clock auction,spectrum auction,simulation,market design,auctions,artificial intelligence,applied game theory

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