SMRA Auction

Simultaneous Multi-Round Ascending Auction. One of the most common spectrum auction formats.

CCA Auction

Combinatorial Clock Auction Format. Second price auction with user defined package bidding and assignment phase.

Clock Auction

Ascending clock auction with intraround bidding, multiple bid types, and stage transitions.

Highly Configurable Rule Sets

LYA’s Platforms are built to allow for large flexibility in rule sets and auction parameters in general, including:

  • Spectrum Caps, General Item Attribute Constraints, Set-Asides, Withdrawal Limits and Fine Calculations
  • Reserve Prices/Opening Prices
  • Activity Rules (Eligibility Points, Revealed Preference)
  • Pricing Rules (First Price Auctions, Second Price VCG Auctions, Core Pricing)
  • Tie-Breaking Rules for Winner Determination
  • Stage Transition Conditions

LYA will also work with individual clients to implement new rules for individual auction formats.

Mock Auctions and Simulations with AI Bidders

Training

Bid against sophisticated AI bidders and refine your bidding strategies. Evaluate bidding tactics and familiarize yourself with the auction process.

Simulations

Execute automated sets of auctions with robot bidders and assess strategy effectiveness and auction outcomes. Vary parameters in robot behaviour to see effects of opponents’ bidding tactics.

Configurable Robot Behaviour

Configure robot behaviour to reflect different spectrum targets and valuations across various bidders. LYA will also work with clients to provide custom robot behaviours for specific auctions.

Advanced Bidding Metrics and Tracking Tools Built In

The system generates bidding metrics real-time and round by round reports for bidder and auctioneer analysis.

  • Item prices and valuation metrics such as $/MHz/pop
  • Activity breakdowns by region and item
  • Bidder exposure calculations

LYA’s Platforms for Auctioneers and Regulators

Auctioneer Controls

Have full control over the auction process as it progresses with dynamic auction parameters and scheduling as rounds proceed. The auction process is audit ready for third-party validation of auction results.

Fully Secure

State of the art web security is used to secure the bidding processes. Take advantage of RSA® two factor authentication and encrypted platform access.

Real-time Bidder Monitoring

Bidder activity can be monitored real-time during bidding rounds. Stay up to date with the auction progress via status reports, key metrics, and downloadable round reports.

Validate Rule Sets with AI Bidders

Run simulations using LYA’s AI bidders to validate potential rule sets and test which yield best revenue outcomes for the regulator.
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