Translations:GTLD Auctions/17/en

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During ICANN 45 in Toronto, auction expert Dr. Cramton outlined an "ascending clock" model, where a price is increased by the auctioneer at each stage; bidders and sellers can then either drop out or bid on the increased amount.[1] ICANN has identified the same style of auction for its own Auction of Last Resort.[2] At his presentation following the ICANN Draw in December 2012, Dr. Cramton also also addressed a sequential first-price sealed bid, noting that the ascending clock model is still preferred given that it involves: better price discovery, better deposit management, reduced tendency to overbid, and is more consistent with the ICANN Auction of Last Resort.[3]

  1. ↑ Here's how Donuts wants to resolve its 158 new gTLD contention fights. Domain Incite. Published 2012 October 23. Retrieved 2012 November 13.
  2. ↑ Applicant Auction in Brief, Cramton.umd.eduPublished 21 Nov 2012, retrieved Jan 7 2013
  3. ↑ Cramton Applicant Auction Conference Slides, Cramton.umd.eduRetrieved Jan 7 2013]
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