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The CBRS auctions will involve over 500,000 licenses and will take place every three years, at a minimum.
The ascending clock auction format used by the FCC typically consists of two bidding phases a clock phase and an assignment phase.
The CCA design consists of a two-stage bidding process. The first stage, known as the clock rounds, is a multiple-round clock auction. In each round, the auctioneer announces prices for all items and bidders respond with quantities demanded at these prices.
How do participants bid? Bidding in a combinatorial clock auction consists of an allocation stage, which determines the number of spectrum licences a bidder wins. The allocation stage is divided into two phases: the clock rounds and the supplementary round.
Since 1994, the Federal Communications Commission (FCC) has conducted auctions of licenses and permits for electromagnetic spectrum used to provide wireless and broadcast services.
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A spectrum auction is a process whereby a government uses an auction system to sell the rights to transmit signals over specific bands of the electromagnetic spectrum and to assign scarce spectrum resources.
There are a number of different types of multiple round spectrum auctions, with the standard format being the Simultaneous Multiple Round Ascending (SMRA) auction. In most spectrum auctions there are multiple licences on offer. These can be divided into spectrum blocks and/or geographic regions4.

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