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来源类型Working Paper
规范类型报告
DOI10.3386/w14765
来源IDWorking Paper 14765
Winning Play in Spectrum Auctions
Jeremy Bulow; Jonathan Levin; Paul Milgrom
发表日期2009-03-02
出版年2009
语种英语
摘要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.
主题Microeconomics ; Game Theory ; Market Structure and Distribution ; Industrial Organization ; Firm Behavior
URLhttps://www.nber.org/papers/w14765
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/572441
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Jeremy Bulow,Jonathan Levin,Paul Milgrom. Winning Play in Spectrum Auctions. 2009.
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