Binmore, Ken; Klemperer, Paul - Economics Group, Nuffield College, University of Oxford - 2001
This paper reviews the part played by economists in organizing the British third-generation mobile-phone licence auction that concluded on 27 April 2000. It raised £22 1/2 billion ($34 billion or 2 1/2% of GNP) and was widely described at the time as the biggest auction ever. We discuss the...