Analyzing the Airwaves Auction
Journal of Economic Perspectives
vol. 10,
no. 1, Winter 1996
(pp. 159-175)
(Complimentary)
Abstract
The design of the Federal Communications Commission spectrum license auction is a case study in the application of economic theory. Auction theory helped address policy questions such as whether an open auction or a sealed-bid auction should be used; whether the licenses should be auctioned sequentially or simultaneously; whether the government should allow bids for combinations of licenses or accept only single-license bids; how the auction should should be structured to promote the interests of minority-owned and other designated firms; whether the government should impose royalties or reserve prices; and how much the bidders should be informed about their competition.Citation
McAfee, R. Preston, and John McMillan. 1996. "Analyzing the Airwaves Auction." Journal of Economic Perspectives, 10 (1): 159-175. DOI: 10.1257/jep.10.1.159JEL Classification
- L96 Telecommunications
- D44 Auctions
- D45 Rationing; Licensing
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