Auction Platforms OLD LYA
LYA Auction Platforms cover all types of auction formats and rules from Simultaneous Multiple Round Ascending (SMRA) Auctions to Combinatorial Clock Auctions (CCA) to other types of clock auctions.
LYA Auction Platforms can be used by auctioneers as well as by auction participants for mock auctions, simulations and training. LYA Auction Platforms provide the tools needed to conduct successful auctions and strategies.
LYA Auction Platforms can be accessed via the web. All that is necessary to start “bidding’ is an Internet browser and a user account.
LYA Auction Platforms have been used extensively for both CCA and SMRA auctions as well as for the new ascending clock auction format of the USA 600 MHz Incentive Auction.
LYA clock auction platforms include all required clock phases, sealed bids and assignment phases as well as complex winner determination and second price algorithms, when applicable.
Our Auction Platforms are designed with flexibility in mind, allowing us to add, remove or adjust a variety of auction rules and parameters to exactly match those reflecting your auction, including:
• Spectrum Caps, Set-Asides, and other limits on bidding,
• Reserve Prices/Opening Prices,
• Activity Rules (Eligibility Points, Revealed Preference),
• Pricing Rules (First Price Auctions, Second Price VCG Auctions, Core Pricing), and
• Tie-Breaking Rules for Winner Determination.
LYA can also add new rules unique to your particular auction format.
LYA Auction Platforms also include:
User login & authentication
Easy to use user interface and user guides
Mock Auctions and Simulations with Robotic Bidders: a Unique Ability
LYA Auction Platforms offer the option of automated robotic bidders whose characteristics can be adjusted to match known or hypothetical auction participants, providing the ability to test a large number of potential auction scenarios quickly without tying up multiple in-house resources in your organization.
Auctions can be run with any combination of human bidders and robotic bidders, including simulations using robots-only. Simulations can be conducted randomizing robot license targets and valuations, among parameters that can be entered by users.
Hundreds or even thousands of simulations can be conducted in a matter of days or weeks, something that is not possible without robotic bidders.
Likely auction outcomes can be assessed by conducting multiple auctions, including randomization in bidding behaviour.
Thus, programming different types of bidders behaviours and role-playing provides valuable insight into auction dynamics, before the auction starts.
The benefits of mock auctions and simulations with robotic bidders also include:
Understanding auction dynamics and individual bidder strategies before the auction starts leading to fine tuning budgets and auction tactics
Providing the ability to identify bidder behaviour in the course of an anonymous auction, based on the learnings from prior mock auctions and simulations.
Example Bidder Interface of an LYA Auction Platform
LYA Auction Platforms are scalable to a large number of licenses offered across hundreds, or even thousands, of geographic areas.
Below is an example of a bidding page in an SMRA auction platform with anonymous bidding on specific license blocks offered on a regional basis.
Example Report from an LYA Auction Platform
LYA Auction Platforms also provide extensive screen-based reports as well as download files.
Below is an example of a screen-based auction report providing a summary of the auction status between rounds as well as data outputs of all bids, prices and eligibility points for each bidder.
LYA Auction Platforms have been tested, validated and widely used.