Combinatorial Clock Auctions
Optimal Auctions - World's Most Advanced Combinatorial Auctions
Optimal Auctions is leading the way in the newly emerging auction format, the Combinatorial Clock Auction. As this format gains in popularity, especially with European spectrum auctions, Optimal Auctions will be at the forefront of the technology and algorithms needed to run these auctions without error. If you are interested in working with this powerful new auction format, you must choose an experienced auction software company that has done this before, especially a company like Optimal Auctions. The Combinatorial Clock Auction is incredibly complex and you MUST trust someone who has the experience needed to perform it correctly.
Optimal Auctions CCA Software - Cheaper, Faster, Better-Tested - Guaranteed
Our Combinatorial Clock Auction software is incredibly configurable, allowing us to meet any rules or regulations that you may have with your auction. In fact, there are over 142 settings in our CCA software, which means no matter the complexity or requirements of your auction, you can feel assured that Optimal Auctions can deliver a software solution that will be cheaper, faster, and better-tested than any of our competitors. We guarantee it!
Our Software Makes Everything So Easy, Why Try to Create Your Own?
We would be incredibly happy to show you a demonstration of our software. We are confident that once you see how the software works, and how easily it controls every aspect of your auction, you will never go back to using an Excel spreadsheet. Our software takes care of everything you could imagine - exact timing of rounds, ensuring bids are received in time, ensuring bids adhere to eligility rules, and thousands of other things. Plus, it runs right in your browser, so anyone with a desktop, laptop, or even a smartphone can use our software. Your bidders can simply log on and bid - there's nothing to install!
Call Now For a Demo - 512-947-8273
We will be happy to talk with you about your auction software needs, and will help answer any questions you might have. Whether you are running a spectrum auction, or are providing bidder support for a spectrum auction the Combinatorial Clock Auction is most likely your best auction format, with Optimal Auctions providing the best and most affordable solution for you.
What is a Combinatorial Clock Auction?
The CCA is the newest auction format, rapidly gaining popularity in European spectrum auctions. It seeks to solve one of the main disadvantages of both the SMR Auction and the Clock Auction, mainly that in these auctions, a new bid by a bidder invalidates every previous bid from the bidder. Additionally, an auction may end with a bidder in a position or at a price they are not happy with. A Combinatorial Clock Auction solves this by making every bid in every round a binding bid, and by giving bidders one last chance to make a bid after the auction ends.
A CCA is actually a combination of a Clock Auction and a single round sealed bid auction. A Clock Auction is used to determine the estimated pricing and demand from the bidders. This is followed by a sealed bid combinatorial bidding round in which bids are constrained by previous behavior in the clock rounds. This approach eliminates last round buyer's remorse, and also offers effective price estimates for the bidders. The major downside to this auction format is its incredible complexity, which can be difficult for bidders to figure out.