EconPapers    
Economics at your fingertips  
 

Bid Credits in Simultaneous Ascending Auctions

Benjamin Rosa

MPRA Paper from University Library of Munich, Germany

Abstract: I study the impact of bid credits in simultaneous ascending auctions in a model where bidders potentially have complementary values. Although bid credits can lead to a more equitable distribution of items, I find an additional unintended consequence: bidders without credits are more exposed to winning a less desirable set of items and will drop out of the auction sooner when their competitors have credits. Calibrating the model to data from the Federal Communication Commission’s sale of licenses in the 700 MHz guard bands, I find exposure reduced average non-credited dropout values by 5.7 percent but did not decrease revenues.

Keywords: Bid Credits; Simultaneous Ascending Auctions; FCC (search for similar items in EconPapers)
JEL-codes: D44 D45 H25 (search for similar items in EconPapers)
Date: 2019-11-09
New Economics Papers: this item is included in nep-des
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/96895/1/MPRA_paper_96895.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/107080/1/MPRA_paper_107080.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/110443/1/MPRA_paper_110443.pdf revised version (application/pdf)

Related works:
Journal Article: Bid credits in simultaneous ascending auctions (2022) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:96895

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2025-03-22
Handle: RePEc:pra:mprapa:96895