Cramton, Peter; Schwartz, Jesse - In: Contributions to Economic Analysis & Policy 1 (2002) 1, pp. 1078-1078
This paper describes the bid signaling that occurred in many of the FCC spectrum auctions. Bidders in these auctions bid on numerous spectrum licenses simultaneously, with bidding remaining open on all licenses until no bidder is willing to raise the bid on any license. Simultaneous open bidding...