On Revenue Optimal Combinatorial Auctions - IFP Group at the ...
On Revenue Optimal Combinatorial Auctions - IFP Group at the ...
On Revenue Optimal Combinatorial Auctions - IFP Group at the ...
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Wh<strong>at</strong> Makes It Hard?<br />
Priv<strong>at</strong>e values:<br />
The exact value of a bundle of licenses to AT&T is known only to<br />
AT&T.<br />
FCC can only have a rough estim<strong>at</strong>e of it.<br />
Str<strong>at</strong>egic behavior:<br />
AT&T wants to maximize its own profit. Different from FCC’s<br />
objective.<br />
AT&T can misreport its value of a bundle of licenses.
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