Handbook of Spectrum Auction Design

Handbook of Spectrum Auction Design
Author: Martin Bichler
Publisher: Cambridge University Press
Total Pages: 935
Release: 2017-10-26
Genre: Business & Economics
ISBN: 1107135346

An international team of experts covers the pros and cons of different auction formats and lessons learned in the field.

FCC Record

FCC Record
Author: United States. Federal Communications Commission
Publisher:
Total Pages: 986
Release: 2017
Genre: Telecommunication
ISBN:

Spectrum Auctions

Spectrum Auctions
Author: Geoffrey Myers
Publisher: LSE Press
Total Pages: 314
Release: 2023-02-15
Genre: Business & Economics
ISBN: 1911712039

Access to the radio spectrum is vital for modern digital communication. It is an essential component for smartphone capabilities, the Cloud, the Internet of Things, autonomous vehicles, and multiple other new technologies. Governments use spectrum auctions to decide which companies should use what parts of the radio spectrum. Successful auctions can fuel rapid innovation in products and services, unlock substantial economic benefits, build comparative advantage across all regions, and create billions of dollars of government revenues. Poor auction strategies can leave bandwidth unsold and delay innovation, sell national assets to firms too cheaply, or create uncompetitive markets with high mobile prices and patchy coverage that stifles economic growth. Corporate bidders regularly complain that auctions raise their costs, while government critics argue that insufficient revenues are raised. The cross-national record shows many examples of both highly successful auctions and miserable failures. Drawing on experience from the UK and other countries, senior regulator Geoffrey Myers explains how to optimise the regulatory design of auctions, from initial planning to final implementation. Spectrum Auctions offers unrivalled expertise for regulators and economists engaged in practical auction design or company executives planning bidding strategies. For applied economists, teachers, and advanced students this book provides unrivalled insights in market design and public management. Providing clear analytical frameworks, case studies of auctions, and stage-by-stage advice, it is essential reading for anyone interested in designing public-interested and successful spectrum auctions.

Understanding Auctions

Understanding Auctions
Author: Srobonti Chattopadhyay
Publisher: Routledge
Total Pages: 95
Release: 2019-07-03
Genre: Business & Economics
ISBN: 1351271067

The book elaborates the basic principles of Auction Theory in a non-technical language so as to make them easily accessible to even those not trained in the discipline. Auctions as allocation mechanisms have been in use across the world since antiquity and are still employed in different countries for purchase and sales of a wide range of objects, both by governments and by private agents. Auction has gained popularity over other allocation mechanisms since the rules of auctions are very precise, involve much less subjective judgements compared to other alternative allocation mechanisms and lead to a more efficient process of discovering the true willingness of the buyers to pay. Moreover, the principles of Auction Theory are used in other contexts, for example in designing contests, or in controlling emission levels through allocation of permits and licenses.

Spectrum Management Policy

Spectrum Management Policy
Author:
Publisher: DIANE Publishing
Total Pages: 119
Release: 1998-06
Genre:
ISBN: 0788149695

Congressional hearing on how radio spectrum can be managed to achieve sound communications policy. This is the first hearing before the Committee's Subcommittee on Telecommunications, Trade, & Consumer Protection with the head of the NTIA & the Chairman of the FCC. The Clinton Administration proposed additional spectrum auctions in its fiscal year 1998 budget. The FCC scheduled a number of auctions for later in 1997, one of them ordered by the agreement on the last budget. The FCC & the NTIA still have a role in managing the spectrum in the public interest, which must mean more than simply financial profit for the government.

Spectrum Management Policy

Spectrum Management Policy
Author: United States. Congress. House. Committee on Commerce. Subcommittee on Telecommunications, Trade, and Consumer Protection
Publisher:
Total Pages: 120
Release: 1997
Genre: Law
ISBN:

Putting Auction Theory to Work

Putting Auction Theory to Work
Author: Paul Milgrom
Publisher: Cambridge University Press
Total Pages: 378
Release: 2004-01-12
Genre: Business & Economics
ISBN: 1139449168

This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.