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Package Bidding for Spectrum Licenses
Cramton, Peter; McMillan, John; Milgrom, Paul; Miller, … - University of Maryland, Department of Economics - Peter … - 1997
licenses. While these rules have performed well in the auctions conducted so far (and would perform even better with the design … individual-license pricing when licenses are complementary. In simultaneous ascending-price auctions, from a bidder's perspective …
Persistent link: https://www.econbiz.de/10004988763
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Efficient Relocation of Spectrum Incumbents
Cramton, Peter; Kwerel, Evan; Williams, John - University of Maryland, Department of Economics - Peter … - 1998
Changes in technologies and in consumer demands have made prior radio spectrum allocations far from efficient. To address this problem the FCC has recently reallocated spectrum for more flexible use in bands that are partially occupied by incumbent license holders. Often, it is necessary for the...
Persistent link: https://www.econbiz.de/10004988789
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Simultaneous Ascending Auctions with Package Bidding
Cramton, Peter; McMillan, John; Milgrom, Paul; Miller, … - University of Maryland, Department of Economics - Peter … - 1998
An effective package bidding mechanism addresses three problems: the exposure problem (the risks a bidder faces in trying to construct an efficiently large combination of licenses), the free-rider problem (the difficulties small bidders have in beating those who bid for larger packages of...
Persistent link: https://www.econbiz.de/10004988793
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Auction Design Enhancements for Non-Combinatorial Auctions
Cramton, Peter; McMillan, John; Milgrom, Paul; Miller, … - University of Maryland, Department of Economics - Peter … - 1997
We evaluate a number of possible enhancements to the FCC auctions. We consider only changes to the current auction … summarizes and extends our e-mail exchanges with FCC staff on this topic. A subsequent report will cover auctions with … combination bids. Overall, the FCC spectrum auctions have been an enormous success. However, there are two design goals in the …
Persistent link: https://www.econbiz.de/10004988797
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Using Spectrum Auctions to Enhance Competition in Wireless Services
Cramton, Peter; Kwerel, Evan; Rosston, Gregory; … - University of Maryland, Department of Economics - Peter … - 2012
Spectrum auctions are used by governments to assign and price licenses for wireless communications. Effective auction …
Persistent link: https://www.econbiz.de/10010575720