estimate the magnitude of license complementarity by modeling the bidding process as an entry game with interdependent markets … ($19 billion) in Auction 73. Complementarity in a 1 MHz nationwide license is worth $918 million to an average large bidder … revenue substantially at the cost of reducing bidder surplus and increasing license allocation concentration …

-part auction process in which broadcast television license holders submit bids for relinquishing their licenses ("Reverse Auction … types of bidding allowed, and the appropriate framework to use for the license territories to be used in the Forward Auction … license territories may not by itself be sufficient to ensure adequate competition and participation in the Forward Auction …

licenses. This is surprising since adjacent channel and out-of-band interference have figured prominently in recent license …

We explore the sensitivity of the U.S. government's ongoing incentive auction to multi-license ownership by … broadcasters. We document significant broadcast TV license purchases by private equity firms prior to the auction and perform a … prospective analysis of the effect of ownership concentration on auction outcomes. We find that multi-license holders are able to …

This paper addresses the question of how to record mobile phone license payments in the national accounts. It concludes … the license, which is an intangible non-produced asset sold by the government to the licenseholder. The values of these … two assets are linked complementarily. A set of indicators is proposed that jointly may help judging whether the license …