Auction Platforms

The LYA Team brings expert auction preparation and support experience and expertise across different auction formats.

LYA's Auction Platforms include a full suite of formats in use across various applications including Simultaneous Multiple Round Ascending Auctions (SMRA), Combinatorial Clock Auctions (CCA), Clock Auctions, Reverse Auctions and Sealed Bids auctions and their variations.

LYA’s Auction Platforms handle auctions with a large number of items, targeted at supporting bidders in high-stakes auctions. The platforms run fully automated simulations to support evaluation of complex rules and to test bidding strategies, and to enable bidders to conduct mock auctions as part of training. LYA’s Platforms have been designed to handle a large number of bidders, a large number of items for sale, and variations on rule sets.

Robotic bidders are programmed to bid competitively in an auction. The robots can be set to exhibit a variety of behaviours, bidding on specific packages or item by item. The robots are designed to compete with each other, while respecting the complex rules of the auction. This permits users to bid into large-scale realistic auctions and gain an understanding and weigh benefits and risks associated with different strategies, bidding tactics and implications for budgets.

Our Auction Platforms are flexible and can be used
for a wide variety of types of auctions.

Spectrum Auctions

Procurement Auctions

Power Auctions

Financial Products

Diamond Auctions

Wireless Towers

Emissions Trading or Carbon Exchange

Any type of high value asset

SMRA Auctions

Simultaneous Multiple Round Ascending auction. One of the most common multi-round auction formats.

CCA Auctions

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

Clock Auctions

Ascending and Descending clock auctions with intra-round bidding, multiple bid types.

Reverse Auctions

Descending auctions used for Procurement and Broadband Subsidy awards.
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Highly Configurable Rule Sets

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

  • Bidding Caps, Set-Asides, Withdrawals 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 and Auction End Conditions
  • Generic Item Attribute Constraints

We can also work with individual clients to implement new rules for individual auction formats.

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Mock Auction and Simulations with AI Bidders

Training

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

Simulations

Execute automated sets of auctions with AI 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 targets and valuations across various bidders. LYA will also work with clients to provide custom 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
  • Activity breakdowns by region and item
  • Bidder exposure and commitment calculations
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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® or SMS 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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