The goal is to requantize the bands so they better math new technology. In he end this is a value added chain for the production of frequency groups, a recoder. The bands are closed and bounded, as are buyers and sellers. A recoder!! What might that be? I think it is the 2,y,z chain of the 3 tuples. This thing has a loop, the bands are now interfering, and the pit boss will be flip flopping. Looking at this from round robin, there are two states for the pit boss to intervene in price settlement, on the undo an on the redo.
Speculation, but one thing for sure in the auction. You want behind the scenes discussions, then open bidding. The goal is to encourage collusion, as that is equivalent to discovering the shortest path for our sales person. Inch it along, keeping the pit boss risk account a bit larger. Then each owner and each buyer will have the optimum number of behind the scenes interactions. It is just like the Walmart clerks and customer queue structure problem. But this two stage auction collapses very fast, the number interactions small as aggregation is already large.
The auctioneer will lose money, the requant is usually a large productivity gain because tech increases bandwidth. The sudden collapse will always have the auctioneer at a disadvantage, these are not risk equalized with free entry and exit. So, make it black box, essentially, it is radiating, the pit boss contract allows wide, but decreasing risk. Everyone knows he auctioneer risk is large and should be covered.
Te auctioneer, in closed biding, will see recombinations of sellers, based on the prior market, and these must be arbitrated first, then all parties equally observe the result in round robin. The pit bis cannot hide the one, and needs the 2,y,z axis as it flip flops across independent markets.
This is all guess, I will be hearing more later.
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