The Internet and proper application of market-design principles make auction-based trading platforms an attractive, value-added, lower-cost option for many industries.
In this white paper Brad Miller and Margarita Patria describe how CRA International designed two successful commodity platforms for dairy and wool: Global Dairy Trade and Natural Fibre Exchange. The authors discuss how online auctions benefit buyers and sellers by lowering transaction costs, reducing risk, and generating reliable market information.
To read more about our experience designing commodity auctions, download the PDF below.
Why do 5G spectrum auctions take so long to complete?
When auctioning off spectrum licenses, the Federal Communications Commission (FCC) typically uses a multiple-round auction format, and multiple-round auctions...