Binmore, Ken; Klemperer, Paul - In: Economic Journal 112 (2002) 478, pp. 74-74
This paper reviews the part played by economists in organising the British third-generation mobile-phone licence auction that concluded on 27 April 2000. It raised £22½ billion ($34 billion or 2½% of GNP) and was widely described at the time as the biggest auction ever. We discuss the merits...