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A uctioning the A irwave s: T he C ontest f or B roadband pcs S pectru m
Author(s) -
Chakravorti Bhaskar,
Sharkey William W.,
Spiegel Yossef,
Wilkie Simon
Publication year - 1995
Publication title -
journal of economics and management strategy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.672
H-Index - 68
eISSN - 1530-9134
pISSN - 1058-6407
DOI - 10.1111/j.1430-9134.1995.00345.x
Subject(s) - common value auction , context (archaeology) , set (abstract data type) , business , computer science , economics , microeconomics , paleontology , biology , programming language
The House and Senate of the United States Congress recently passed legislation that directs the FCC to establish a system for using auctions to allocate the use of radio spectrum for personal communications services. There is a unique and unprecedented set of issues that arise in this context, which are of interest to economists, industry analysts, regulators, and policymakers. We discuss these issues and evaluate their likely impact on the outcome of the spectrum auctions. In addition, we argue that there may be pitfalls in the auction procedure adopted by the FCC, and we discuss possible alternative procedures.