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The Treasury proposes to invest
$700 billion in mortgage-related
securities to resolve the financial
crisis, using market mechato determine prices. A well-designed auction
process can indeed b...
The 2010 German 4G spectrum auction was an unusually large simultaneous
ascending multi-band auction. The bidding was competitive, the final assignment was
efficient and the revenue was close to e...
Spectrum Auction Design
Auction Design price
2015/9/18
Spectrum auctions are used by governments to assign and price licenses for
wireless communications. The standard approach is the simultaneous ascending
auction, in which many related lots are auct...
Multi-Sided Platforms:From Microfoundations to Design and Expansion Strategies
Multi-Sided Platforms
2015/4/21
Multi-sided platforms (MSPs), which bring together two or more interdependent groups of customers, have recently risen to economic and business prominence in many industries. This paper first lays out...