Analyzing the Airwaves Auction¶
McAfee, R. P., & McMillan, J. (1996). Analyzing the Airwaves Auction. Journal of Economic Perspectives, 159-175.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Auction Theory
- The U.S. FCC's spectrum auctions, designed starting 1993-94 by Preston McAfee, Paul Milgrom, Robert Wilson, and colleagues using simultaneous multi-round ascending auctions, have allocated licenses worth hundreds of billions of dollars cumulatively, as McAfee and McMillan (1996) review in their Journal of Economic Perspectives analytic retrospective.
This sourceAnalytic retrospective on the FCC's first simultaneous multiple-round ascending spectrum auctions by two original designers.
Supported in partVerified against the publisher's abstract
The abstract confirms this is an analytic review of the FCC spectrum-license auction as applied auction theory, including sequential-vs-simultaneous design, but states no dollar totals, dates, or designer names.
“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;”
- The U.S. FCC's spectrum auctions, designed starting 1993-94 by Preston McAfee, Paul Milgrom, Robert Wilson, and colleagues using simultaneous multi-round ascending auctions, have allocated licenses worth hundreds of billions of dollars cumulatively, as McAfee and McMillan (1996) review in their Journal of Economic Perspectives analytic retrospective.
Verification¶
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