Many auctions involve the sale of a variety of distinct assets. Examples are airport time slots,
delivery routes, network routing, and furniture. Because of complementarities or substitution …

There is interest in designing simultaneous auctions for situations such as the recent FCC
radio spectrum auctions, in which the value of assets to a bidder depends on which other …

The questions addressed in this paper include: What is a laboratory experiment? What are
the reasons why economists conduct such experiments? What have we learned? Among the …

Information is a central concept in economics, and The Knowledge We Have Lost in
Information explores its treatment in modern economics. The study of information, far from …

Combinatorial auctions, which allow agents to bid directly for bundles of resources, are
necessary for optimal auction-based solutions to resource allocation problems with agents …

General combinatorial auctions—auctions in which bidders place unrestricted bids for
bundles of goods—are the subject of increasing study. Much of this work has focused on …

In combinatorial auctions, multiple goods are sold simultaneously and bidders may bid for
arbitrary combinations of goods. Determining the outcome of such an auction is an …

Abstract From July 1994 to July 1996, the Federal Communications Commission (FCC)
conducted nine spectrum auctions, raising about $20 billion for the US Treasury. The …

This paper analyzes six spectrum auctions conducted by the Federal Communications
Commission from July 1994 to May 1996. These auctions were simultaneous multiple‐round …

A fundamental problem in building open distributed systems is to design mechanisms that
compute optimal system-wide solutions despite the self-interest of individual users and …