Deferred-acceptance auction

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A deferred-acceptance auction (DAA) is an auction in which the allocation is chosen by repeatedly rejecting the least attractive bids. It is a truthful mechanism with strategic properties that make it particularly suitable to complex auctions such as the radio spectrum reallocation auction.^[1] An important advantage of DAA over the more famous VCG auction is that DAA is immune to manipulations by coalitions of bidders, while VCG is immune to manipulations only by individual bidders.

The deferred-acceptance auction is related to clock auctions like the Japanese auction, as they both work by rejecting bids that can't win until only the bids that must win remain.