conference. The essays show the interconnectedness of two important and productive areas of modern economics, auction theory and … analysts of telecommunications and the European auction experience, all but one presented at a November 2001 CESifo conference … spectrum auctions. Combining the empirical data these auctions provide with recent advances in microeconomic theory, they …

intrinsic spectrum values from winning auction bids. Our analysis includes 15 auctions and close to 7,200 observations. We add … two components to previous literature on this topic. First, we control for license and block specific auction rules … winning bids. Additionally, auction results confirm that the relative value of higher frequency spectrum is increasing over …

efficiently, the Federal Communications Commission allowed bidders to bid for (predefined) packages of licenses in Auction 73. We … ($19 billion) in Auction 73. Complementarity in a 1 MHz nationwide license is worth $918 million to an average large bidder …

multiple licenses is exposed to risks of winning only isolated patches. Using Auction 73 data, we model the bidding process as …' exposure risks depend on package format and size. More importantly, package bidding increases auction revenue substantially, at …