Spiteful bidding and gaming in combinatorial clock auctions

B-Tier
Journal: Games and Economic Behavior
Year: 2016
Volume: 100
Issue: C
Pages: 186-207

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Combinatorial Clock Auctions (CCAs) have recently been used around the world to allocate mobile telecom spectrum. CCAs are claimed to significantly reduce the scope for strategic bidding. This paper shows, however, that bidding truthfully does not constitute an equilibrium if bidders also have an incentive to engage in spiteful bidding to raise rivals' cost. The restrictions on further bids imposed by the clock phase of a CCA give certainty to bidders that certain bids above value cannot be winning bids, assisting bidders to engage in spiteful bidding.

Technical Details

RePEc Handle
repec:eee:gamebe:v:100:y:2016:i:c:p:186-207
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25