May 5-7, 2000

Summary

This conference provided the FCC with a broad range of expert perspectives as the Commission sought to develop and evaluate the best feasible combinatorial auction mechanism. The conference also provided a forum for theoretical, empirical and experimental papers, panel discussions, and bidding experiments.

Related Links

Canadian Spectrum Auctions Industry Canada's Radio Spectrum Management and Telecommunications Canadian Spectrum Auctions

Agenda

Thursday, May 4, 2000
4:00 p.m. Check In
7:00 p.m. Dinner
Friday, May 5, 2000
7:30 - 8:15 Breakfast
8:15 - 8:30 Opening
8:30 - 10:00 Brief History of Combinatorial Auction Mechanisms: Theory and Practice John Ledyard Brief History of Combinatorial Auction Mechanisms: Theory and Practice (pdf)
Discussant(s): Ron Harstad, Michael Rothkopf
10:00 - 10:30 Break
10:30 - 12:00 The Need for Combinatorial Bidding for Spectrum Peter Cramton and John Williams The Need for Combinatorial Bidding for Spectrum: The Case of the 700 MHz Band (Auctioning Encumbered Spectrum) (pdf)
Discussant(s): Thomas Hazlett, Greg Rosston, David Salant
12:00 - 1:30 Lunch - Keynote speech Tom Sugrue, Chief of the Wireless Bureau
1:30 - 3:00 CRA Reports to the FCC on Package Bidding and Subsequent Developments in Combinatorial Auction Design Paul Milgrom CRA Reports to the FCC on Package Bidding and Subsequent Developments in Combinatorial Auction Design (pdf)
Discussant(s): Larry Ausubel, John Riley, Robert Weber
3:00 - 3:30 Break
3:30 - 5:00 A General Combinatorial Auction Procedure Richard Steinberg A General Combinatorial Auction Procedure (pdf) Richard Steinberg A General Combinatorial Auction Procedure (pdf)
Discussant(s): Jeremy Bulow, Ian Gale
6:00 - 7:00 Reception
7:00 - 9:00 Dinner
Saturday, May 6, 2000
7:30 - 8:30 Breakfast
8:30 - 10:00 CRA/FCC Combinatorial Auction Mechanism Charles Plott CRA/FCC Combinatorial Auction Mechanism (pdf)
Discussant(s): Barry Nalebuff, Tim Salmon, Daniel Vincent
10:00 - 10:30 Break
10:30 - 12:00 Auction Experiment Demonstration With Conference Participants Bidding Organizers: David Porter and Stephen Rassenti
12:00 - 1:30 Lunch
1:30 - 3:00 CRA Combinatorial Mechanism v. SMR Mechanism: Test Results Vernon Smith, Jeffrey Banks, David Porter and Stephen Rassenti
Discussant(s): Dan Levin, Robert Rosenthal
3:00 - 3:30 Break
3:30 - 5:00 What Has Been Learned From Auction Experiments? Vernon Smith, Jeffrey Banks, David Porter and Stephen Rassenti
Discussant(s): Charles Kahn, David Lucking-Reiley
6:00 - 7:00 Reception
7:00 -9:00 Dinner
Sunday, May 7, 2000
7:30 - 8:30 Breakfast
8:30 - 10:00 Panel Discussion: Refining Combinatorial Auction Design Paul R. Milgrom Panel Discussion: Refining Combinatorial Auction Design: activity rule, minimum acceptable bids, treatment of "old bids", subset and superset restrictions, restrictions on number or composition of packages, computation feasibility (pdf)
Discussant(s): John Ledyard, Paul Milgrom , Charles Plott, Tim Salmon, and Yoav Shoham
10:00 - 10:30 Break
10:30 - 12:00 Panel Discussion: What is the Best Feasible Combinatorial Mechanism and When Should It Be Used? Moderator: Evan Kwerel
Discussant(s): John Ledyard, Paul Milgrom, Charles Plott, and Vernon Smith
12:00 - 12:15 Closing
12:15 - 1:30 Lunch

Papers

Reports Relating to FCC Contracts

An Experimental Comparison of the Simultaneous Multi-Round Auction and the CRA Combinatorial Auction

Cybernomics 3/15/2000 pdf

Theory, Experiment and the FCC Spectrum Auctions

Cybernomics 3/15/2000 pdf

An Experimental Analysis of the Federal Communications Commission's Eligibility Rules

Cybernomics 11/10/1999 pdf

Documentation on System Design, Operational Parameters, and Verification

Charles River Associates et. al. 12/1/1998 pdf

Report Submitted to the Federal Communications Commission: Report 1A: Auction Design Enhancements for Non-Combinatorial Auctions

Charles River Associates 3/1/1998 pdf

Report Submitted to the Federal Communications Commission: Report 1B: Package Bidding for Spectrum Licenses

Charles River Associates 3/1/1998 pdf

Report Submitted to the Federal Communications Commission: Report 2: Simultaneous Ascending Auctions with Package Bidding

Charles River Associates 3/1/1998 pdf

A Combinatorial Auction Designed for the Federal Communications Commission

Charles R. Plott, California Institute of Technology, as presented at the Combinatorial Auction Conference 5/18/2000 PowerPoint

Conference Papers and Presentations

A General Combinatorial Auction Procedure

Richard Steinberg pdf

Auctions with Endogenously Determined Biddable Combinations

Michael H. Rothkopf pdf

Auctioning Encumbered Spectrum

Peter Cramton pdf

Selections from the FCC Combinatorial Bidding Reports and Subsequent Developments

Paul R. Milgrom pdf

FCC-SIEPR-NSF, Wye Woods Conference: Lessons Plus a Simple Proposal

Paul R. Milgrom 5/7/2000 pdf

A Brief History of Combinatorial Auction Mechanisms: Theory and Practice

John Ledyard 5/5/2000 pdf

Comments on Combinatorial Auctions and Package Bidding

Larry Ausubel 5/5/2000 pdf

Other Papers & Related Materials

Reading List

John Ledyard 5/5/2000 pdf

DIGITIZING 'MUST-CARRY' Regulating Broadband Content in the Internet Age

Thomas W. Hazlett 4/24/2000 pdf

Serious Difficulties with "Or" Bids in Combined-Value Auctions

Ron Harstad 5/17/2000 pdf

In Search of Successful Strategies in Package Auctions

John G. Riley 7/7/2000 pdf

Now There is Time for Serious Consideration of the Novel Auction Rules

Aleksandar Pekec and Michael H. Rothkopf 8/1/2000 pdf

Presentations

5/5/2000

Brief History of Combinatorial Auction Mechanisms: Theory and Practice

John Ledyard

pdf

The Need for Combinatorial Bidding for Spectrum: The Case of the 700 MHz Band (Auctioning Encumbered Spectrum)

Peter Cramton and John Williams
pdf

CRA Reports to the FCC on Package Bidding and Subsequent Developments in Combinatorial Auction Design

Paul Milgrom
pdf Larry Ausubell
Comments on Combinatorial Auctions and Package Bidding (pdf)
 

A General Combinatorial Auction Procedure

Richard Steinberg
pdf - Auctions with Endogenously Determined Combinations (pdf) 5/6/2000

CRA/FCC Combinatorial Auction Mechanism

Charles Plott
pdf

Panel Discussion: Refining Combinatorial Auction Design: activity rule, minimum acceptable bids, treatment of "old bids", subset and superset restrictions, restrictions on number or composition of packages, computation feasibility

Paul R. Milgrom
FCC-SIEPR-NSF, Wye Woods Conference: Lessons plus a Simple Proposal (pdf)  

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Tuesday, October 19, 2004