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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
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
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