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Winning Play in Spectrum Auctions / Jeremy Bulow, Jonathan Levin, Paul Milgrom.
- Format:
- Book
- Author/Creator:
- Bulow, Jeremy.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w14765.
- NBER working paper series no. w14765
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2009.
- Summary:
- We describe factors that make bidding in large spectrum auctions complex -- including exposure and budget problems, the role of timing within an ascending auction, and the possibilities for price forecasting -- and how economic and game-theoretic analysis can assist bidders in overcoming these problems. We illustrate with the case of the FCC's Advanced Wireless Service auction, in which a new entrant, SpectrumCo, faced all these problems yet managed to purchase nationwide coverage at a discount of roughly a third relative to the prices paid by its incumbent competitors in the same auction, saving more than a billion dollars.
- Notes:
- Print version record
- March 2009.
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