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The Clock-Proxy Auction: A Practical Combinatorial Auction Design

Large scale package auctions are very complicated mechanisms that pose severe problems for bidders. This paper presents a new package auction design that seeks to ease the problem of bidding while still retaining the good features of the ascending proxy auction, as described in 03-035.

Author(s)
Lawrence Ausubel
Peter Cramton
Paul Milgrom
Publication Date
August, 2004