Download or read book What Really Matters in Auction Design written by Paul Klemperer and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important issues in auction design are the traditional concerns of competition policy - preventing collusive, predatory, and entry-deterring behaviour. Ascending and uniform-price auctions are particularly vulnerable to these problems. The Anglo-Dutch auction - a hybrid of the sealed-bid and ascending auctions - may perform better. Effective antitrust is also critical. Notable fiascoes in auctioning mobile-phone licenses, TV franchises, companies, electricity, etc., and especially the European quot;third-generationquot; (UMTS) spectrum auctions, show that everything depends on the details of the context. Auction design is not quot;one size fits allquot.