Use of Auctions in Spectrum Awards

Loading...
Thumbnail Image
Journal Title
Journal ISSN
Volume Title
School of Business | Master's thesis
Date
2016
Major/Subject
Kansantaloustiede
Economics
Mcode
Degree programme
Language
en
Pages
68
Series
Abstract
In my thesis I explore how to best award spectrum licenses to mobile network operators. During the last twenty years governments have shifted their preferred method of awarding spectrum from comparative awards to auctions. The praised VCG mechanism does not apply well to auctioning spectrum and instead simultaneous multiple round auction, clock auction, and combinatorial clock auction models are used. These models have flaws causing bidders to lack an unambiguous dominant strategy and practice demand reduction. Each spectrum auction is different and there exists no one-size-fits-all solution. Thus, the auction design process carries tremendous weight when attempting to organize a successful spectrum award.
Description
Keywords
spectrum awards, spectrum auctions, mechanism design, VCG mechanism, multi-unit auction, simultaneous ascending auction, combinatorial clock auction
Other note
Citation