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Cramton, Peter - University of Maryland, Department of Economics - Peter … - 2012

A proposed auction design for incentive auctions is given. The two-sided auctions enable the exchange of spectrum from …

Persistent link: https://www.econbiz.de/10010878412

Lessons Learned from the UK 3G Spectrum Auction

Cramton, Peter - University of Maryland, Department of Economics - Peter … - 2001

In April of 2000, the Radiocommunications Agency of the United Kingdom completed its first spectrum auction, raising £22.5 billion for five third-generation (3G) mobile wireless licenses. This paper assesses how well the UK 3G spectrum auction did in achieving the Government's objectives.

Persistent link: https://www.econbiz.de/10004988743

Pricing in the California Power Exchange Electricity Market: Should California Switch from Uniform Pricing to Pay-as-Bid Pricing?

Cramton, Peter; Kahn, Alfred E.; Porter, Robert H.; … - University of Maryland, Department of Economics - Peter … - 2001

Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition...

Persistent link: https://www.econbiz.de/10004988756

Vickrey Auctions with Reserve Pricing

Cramton, Peter; Ausubel, Lawrence M. - University of Maryland, Department of Economics - Peter … - 2004

. By withholding quantity in some circumstances, the seller can improve revenues or mitigate collusion. In the Vickrey …

Persistent link: https://www.econbiz.de/10004988757

Review of the Reserves and Operable Capability Markets: New England's Experience in the First Four Months

Cramton, Peter - University of Maryland, Department of Economics - Peter … - 2000

I review the performance of the operating reserves and the operable capability markets in New England. The review covers the first four months of operation from May 1 to August 31, 1999. The review is based on my knowledge of the market rules and their implementation by the ISO, and the market...

Persistent link: https://www.econbiz.de/10004988759

Lessons from the United States Spectrum Auctions

Cramton, Peter - University of Maryland, Department of Economics - Peter … - 2000

the spectrum auctions in the United States. I will discuss spectrum auction successes, failures, and what I think are key … issues in upcoming spectrum auctions. …

Persistent link: https://www.econbiz.de/10004988766

Eliminating the Flaws in New England's Reserve Markets

Cramton, Peter; Lien, Jeffrey - University of Maryland, Department of Economics - Peter … - 2000

New England’s wholesale electricity market has been in operation, since May 1, 1999. When the market began it was understood that the rules were not perfect (Cramton and Wilson 1998). However, it was decided that it was better to start the market with imperfect rules, rather than postpone the...

Persistent link: https://www.econbiz.de/10004988769

Uniform Pricing or Pay-as-Bid Pricing: A Dilemma for California and Beyond

Cramton, Peter; Kahn, Alfred E.; Porter, Robert H.; … - University of Maryland, Department of Economics - Peter … - 2001

Persistent link: https://www.econbiz.de/10004988794

Spectrum Auctions

Cramton, Peter - University of Maryland, Department of Economics - Peter … - 2002

Auctions have emerged as the primary means of assigning spectrum licenses to companies wishing to provide wireless … communication services. Since July 1994, the Federal Communications Commission (FCC) has conducted 33 spectrum auctions, assigning … thousands of licenses to hundreds of firms. Countries throughout the world are conducting similar auctions. I review the current …

Persistent link: https://www.econbiz.de/10004988799

A Review of the L-Band Auction

Cramton, Peter - University of Maryland, Department of Economics - Peter … - 2008

In May 2008, Ofcom’s L-band auction concluded. This was Ofcom’s second combinatorial clock auction. The auction used an innovative format intended to encourage an efficient assignment of the 17 lots. Eight bidders competed for the lots. In sharp contrast to the first combinatorial clock...

Persistent link: https://www.econbiz.de/10004997807