Telecom spectrum is a scarce natural resource whose misallocation is likely to have adverse impact on an economy. It is therefore crucial for a country to ensure efficient allocation of telecom spectrum. Although there are different methods of allocating spectrum, auction as a method of spectrum...

What are auctions and what is auction theory? -- Why study auction theory? -- The economics behind auctions -- Some standard results in auction theory -- Auctions: some real-life experiences -- Auctions in India -- Other applications of auction theory.

This paper considers a two-stage game, where in the first stage, two firms bid non-cooperatively for a production technique that leads to a reduction in cost. Following the auction in the second stage of the game these firms compete against each other in a duopolistic industry. The amount of...

What are auctions and what is auction theory? -- Why study auction theory? -- The economics behind auctions -- Some standard results in auction theory -- Auctions: some real-life experiences -- Auctions in India -- Other applications of auction theory.