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Full-Text Articles in Behavioral Economics
Auctioning The Digital Dividend, Peter Cramton
Auctioning The Digital Dividend, Peter Cramton
Peter Cramton
I begin by describing some of the problems of the simultaneous ascending auction. Then I present the package clock auction, which retains the benefits, while addressing the weaknesses, of the simultaneous ascending auction. I emphasize two essential elements of the package clock auction: the pricing rule and the activity rule. Along the way, I summarize both experimental and field results with the package clock auction.