Auctions

Auction Design & Implementation

NERA has a long track record of successful design and implementation of auction processes, both for government agencies and companies in the private sector. Our auction experts work across industry sectors, using techniques derived from running and observing many hundreds of auctions, as well as academic research on auctions and game theory. Our experts are familiar with all types of auction formats, and have often been involved in developing new rules for innovative formats, such as the descending clock auction and the combinatorial clock auction.

We are experienced with every aspect of the auction process, from product design and marketing through to detailed bidding rules and software implementation. Our experts can advise on specific aspects of an award process, or organize the entire process on behalf of a client. We can also provide independent reviews of existing processes run by other parties.

The types of services that we offer include:

• Auction project management.
• Industry modeling and benchmarking.
• Product design, including the packaging of available items and associated terms and conditions.
• Auction format, bidding rules, and procedures.
• Marketing and awareness raising, including drafting the information memorandum or auction prospectus.
• Software design, testing, and training.
• Developing consultation processes and running bidder seminars.
• Running the auction, including administering bidder applications and qualification, and taking on the role of auctioneer.