U.S. spectrum licenses cover geographically distinct areas and often complement each other. A bidder seeking to acquire multiple licenses is exposed to risks of winning only isolated patches. Using Auction 73 data, we model the bidding process as an entry game with interdependent markets and...

This paper examines the relative advantages of allocating spectrum by auction or without licensing. The debate over how to allocate the spectrum will at times rest fundamentally on the challenges of choosing between alternative technologies. This paper notes that economic benefits of a highly...

The deployment of the so-called UMTS 3rd generation mobile networks is a step of vital importance for the promotion of competition in the telecommunications sector. The provision of high-traffic services presupposes that operators have access to the hertzian spectrum. The hertzian spectrum is a...