The PolicyTracker online auction service is
a stable and user-friendly platform for
conducting several types of
commercial auction. It is intuitively
designed, enabling users to set up and
modify the following auction types:
- Combinatorial Clock Auctions
- Simultaneous Multiple Round Auctions
- Ascending Clock Auctions
- Ascending clock auctions with exit bids
The software comes complete with an offline solver and bidder tool to use with the CCA format. It was used recently by the Nigerian regulator, the NCC, to sell 2.3 GHz spectrum
The auctioneer uses a simple drop-down menu to choose the preferred auction type. They can then specify who is allowed to bid, set the timings of the rounds and enter a starting price, price increment and eligibility point rating for each lot. There are no restrictions on the number of lots or bidders.
The auctioneer can track the incoming bids in real time and halt or extend a round if necessary.
A simple bidder interface
Each bidder is presented with an intuitive and easy-to- use web page on which to make their bids. It shows the price of the lot in the current round and allows them to bid by simply entering a number or ticking a box. The software will automatically close the auction once bidding is complete.
A secure and stable platform
The software is based on a solid open source platform and has been exhaustively tested as well as used many times in PolicyTracker’s auctions training courses. It can be hosted on your own servers as an intranet or internet service or we can host it for you.
If running a commercial auction we would recommend the use of our additional “triple lock” security system which features:
- user name and password identification
- USB dongle security
- IP address verification
An ideal solution for your needs
Our online auction service is designed for the sale of spectrum licences and offers the flexibility to deal with many different scenarios. ACAs are ideally suited for selling a small number of items, whereas SMRAs and CCAs work best for selling larger numbers. CCAs offer more flexibility but SMRAs are often better understood in many markets. Our software allows regulators to try out several different formats before using their preferred option to conduct the actual auction.
The software can also be used by operators seeking to carry out their own mock auctions.
For more information contact Martin Sims: martin [@] policytracker.com or +44(0)20 7100 2875.