The Simultaneous Ascending Auction: Rule...
Hild, Matthias
The Simultaneous Ascending Auction: Rules and Procedures
QA-0676 | Published January 16, 2006 | 2 pages Technical Note
Collection: Darden School of Business
Product Details
This note summarizes the most important rules of the simultaneous ascending auction. This auction type was pioneered in 1994 by the U.S. Federal Communications Commission for the sale of multiple airwave licenses. The objective of this auction type is to sell multiple objects to buyers who may, due to synergies, value specific packages or combinations of objects higher than the sum of the objects' stand-alone values.
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